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$ID serious bullish vibes, but a few signs that the rally might be running out of steam soon. For trading on 1-hour timeframe, I'm leaning cautious long here, but with super tight risk controls.
On the volume side, we saw this huge spike up to 355M during that breakout candle, way above the usual 2M average. That screams big players like institutions jumping in. But lately, even as the price hangs around in consolidation, volume's dropping off, which makes me think the momentum's starting to fade a bit.
Looking at capital flows, futures contracts are seeing strong net inflows – 863k in the last hour and 1.3M over 4 hours in USDT. Spot market's not keeping up though, with just 140k and 253k respectively. This tells me a lot of the action is from leveraged longs, and that could turn ugly if we hit a liquidation wave.
For entries longs
$ID : If you're feeling aggressive, jump in at the current price around 0.0916, but set a quick 3% stop. Better bet might be waiting for a dip back to 0.0837-0.0850, where it lines up with the Bollinger upper band.
Stop loss wise, I'd go at 0.0885 – that's based on the ATR at 0.0021 and how volatile it's been lately.
Targets
$ID : First one at Resistance level around 0.0959, then stretch to next resistance at 0.1026 if it runs.
Just a heads up on risk – momentum's still on the long side, but with RSI over 90, we've seen 15-20% pullbacks in under 48 hours before.
#id #idusdt #SpaceID