RonOnCrypto
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RonOnCrypto
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$BTC 83.915 — up 4.3% from the 80,345 low, but weekend volume was only 17–28% of the selloff day.
The Oct 8 drop came alongside the U.S. 10-year Treasury yield rising to 5.36% and a sharp rise in oil (CoinDesk). Volume that day was $18 billion; Oct 10 saw $3.1 billion, and Oct 11 $5.1 billion. Open interest rose from $7.59 billion to $7.77 billion from 3 a.m. on Oct 9, while funding stayed near zero.
The concern: the rebound has yet to be backed by volume, 58% of accounts are still long (1.40 longs for every short), and U.S. CPI is due at 7:30 p.m. on Wednesday, Oct 14.
The daily and weekly charts have completed their upward waves; the 4H is rebounding within a down wave, while the 15–30-minute charts still show an up wave. The indicators are out of sync.
Main stance: stay on the sidelines. Reassess when a 4H candle closes outside 82,751–84,180.
A rebound on volume at just 17–28% of the selloff day: genuine recovery strength, or just a quiet weekend?
Personal observations, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
$BTC 83.915 — up 4.3% from the 80,345 low, but weekend volume was only 17–28% of the selloff day.
The Oct 8 drop came alongside the U.S. 10-year Treasury yield rising to 5.36% and a sharp rise in oil (CoinDesk). Volume that day was $18 billion; Oct 10 saw $3.1 billion, and Oct 11 $5.1 billion. Open interest rose from $7.59 billion to $7.77 billion from 3 a.m. on Oct 9, while funding stayed near zero.
The concern: the rebound has yet to be backed by volume, 58% of accounts are still long (1.40 longs for every short), and U.S. CPI is due at 7:30 p.m. on Wednesday, Oct 14.
The daily and weekly charts have completed their upward waves; the 4H is rebounding within a down wave, while the 15–30-minute charts still show an up wave. The indicators are out of sync.
Main stance: stay on the sidelines. Reassess when a 4H candle closes outside 82,751–84,180.
A rebound on volume at just 17–28% of the selloff day: genuine recovery strength, or just a quiet weekend?
Personal observations, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
The Oct 8 drop came alongside the U.S. 10-year Treasury yield rising to 5.36% and a sharp rise in oil (CoinDesk). Volume that day was $18 billion; Oct 10 saw $3.1 billion, and Oct 11 $5.1 billion. Open interest rose from $7.59 billion to $7.77 billion from 3 a.m. on Oct 9, while funding stayed near zero.
The concern: the rebound has yet to be backed by volume, 58% of accounts are still long (1.40 longs for every short), and U.S. CPI is due at 7:30 p.m. on Wednesday, Oct 14.
The daily and weekly charts have completed their upward waves; the 4H is rebounding within a down wave, while the 15–30-minute charts still show an up wave. The indicators are out of sync.
Main stance: stay on the sidelines. Reassess when a 4H candle closes outside 82,751–84,180.
A rebound on volume at just 17–28% of the selloff day: genuine recovery strength, or just a quiet weekend?
Personal observations, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
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$BTC 81.972 — At 00:00 this morning, it touched 80,345, its lowest since Sep 20, then bounced about 1,600 points.
Price is down 5.8% from the peak of 86,976 (Oct 5). 24-hour volume was $18 billion, the highest since Oct 2. Open interest fell 4.9% in 30 hours ($8.03B → $7.64B), with funding near zero. No news has been found to explain the drop.
The concern: the 82,500 support zone that had held since Sep 28 has been lost, while 65% of accounts (1.85 longs for every short) are still long and could face liquidations if price breaks below 80,345.
4H, 12H, and daily timeframes are bearish; 3D is still bullish, while 1H–2H show only a rebound. Indicators are not yet aligned.
Main approach: stay out. Reassess when a 4H candle closes outside 80,345–83,260.
With the 82,500 zone lost and 65% still long, would a rebound to 83,260 be the end of the bounce—or just the beginning?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
$BTC 81.972 — At 00:00 this morning, it touched 80,345, its lowest since Sep 20, then bounced about 1,600 points.
Price is down 5.8% from the peak of 86,976 (Oct 5). 24-hour volume was $18 billion, the highest since Oct 2. Open interest fell 4.9% in 30 hours ($8.03B → $7.64B), with funding near zero. No news has been found to explain the drop.
The concern: the 82,500 support zone that had held since Sep 28 has been lost, while 65% of accounts (1.85 longs for every short) are still long and could face liquidations if price breaks below 80,345.
4H, 12H, and daily timeframes are bearish; 3D is still bullish, while 1H–2H show only a rebound. Indicators are not yet aligned.
Main approach: stay out. Reassess when a 4H candle closes outside 80,345–83,260.
With the 82,500 zone lost and 65% still long, would a rebound to 83,260 be the end of the bounce—or just the beginning?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
Price is down 5.8% from the peak of 86,976 (Oct 5). 24-hour volume was $18 billion, the highest since Oct 2. Open interest fell 4.9% in 30 hours ($8.03B → $7.64B), with funding near zero. No news has been found to explain the drop.
The concern: the 82,500 support zone that had held since Sep 28 has been lost, while 65% of accounts (1.85 longs for every short) are still long and could face liquidations if price breaks below 80,345.
4H, 12H, and daily timeframes are bearish; 3D is still bullish, while 1H–2H show only a rebound. Indicators are not yet aligned.
Main approach: stay out. Reassess when a 4H candle closes outside 80,345–83,260.
With the 82,500 zone lost and 65% still long, would a rebound to 83,260 be the end of the bounce—or just the beginning?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
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$CAP 0,0745 — the 4H candle just broke above the narrow range of 0.0713–0.0735 (held for 20 hours), closed at 0.0772, then pulled back to 0.0745, still 27% below the 0.1016 peak on the evening of 10/6.
24-hour volume was $56 million, far below $182 million on 10/6 and $92 million on 10/7. Open interest rose 14% in 24 hours ($13.6M → $15.5M), with 53% of accounts currently long.
Concern: in July, the project cut the airdrop reward from $12 million to $4.2 million after funding fell short, triggering community backlash (The Defiant, 7/13).
12H is down, 3D is still unclear. The indicators are not yet aligned.
Main view: stay out. Reassess when the 4H candle closes outside 0.0713–0.0781.
It broke up to 0.0772 then pulled back to 0.0745 — is this the start of a rebound, or just a sweep above the range before returning?
Personal observation, not financial advice. Risk 1%, always use a stop.
#CAP $CAP
$CAP 0,0745 — the 4H candle just broke above the narrow range of 0.0713–0.0735 (held for 20 hours), closed at 0.0772, then pulled back to 0.0745, still 27% below the 0.1016 peak on the evening of 10/6.
24-hour volume was $56 million, far below $182 million on 10/6 and $92 million on 10/7. Open interest rose 14% in 24 hours ($13.6M → $15.5M), with 53% of accounts currently long.
Concern: in July, the project cut the airdrop reward from $12 million to $4.2 million after funding fell short, triggering community backlash (The Defiant, 7/13).
12H is down, 3D is still unclear. The indicators are not yet aligned.
Main view: stay out. Reassess when the 4H candle closes outside 0.0713–0.0781.
It broke up to 0.0772 then pulled back to 0.0745 — is this the start of a rebound, or just a sweep above the range before returning?
Personal observation, not financial advice. Risk 1%, always use a stop.
#CAP $CAP
24-hour volume was $56 million, far below $182 million on 10/6 and $92 million on 10/7. Open interest rose 14% in 24 hours ($13.6M → $15.5M), with 53% of accounts currently long.
Concern: in July, the project cut the airdrop reward from $12 million to $4.2 million after funding fell short, triggering community backlash (The Defiant, 7/13).
12H is down, 3D is still unclear. The indicators are not yet aligned.
Main view: stay out. Reassess when the 4H candle closes outside 0.0713–0.0781.
It broke up to 0.0772 then pulled back to 0.0745 — is this the start of a rebound, or just a sweep above the range before returning?
Personal observation, not financial advice. Risk 1%, always use a stop.
#CAP $CAP
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$GRIFFAIN 0, 0173 — fell 51% from a peak of 0.0291 (12 a.m. on Oct 7) to 0.01428 in 19 hours, then rebounded 21% to 0.0173. No news explaining it has been found.
One-day volume (Oct 7) reached $92 million, compared with $1–5 million per day at the start of the month. Open interest fell 28% in 30 hours ($7.1 million → $5.1 million), while 63% of accounts are still long.
The concern: a candle that surged to 0.0291 and then fell by more than half in one day points to thin liquidity. The rebound could also be rapidly swept back down.
The 12H trend is still down, and the indicator panel is divided.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 0.0158–0.0185.
Down 51%, then up 21%, both without any news; 63% are still long. Who's trapped?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#GRIFFAIN $GRIFFAIN
$GRIFFAIN 0, 0173 — fell 51% from a peak of 0.0291 (12 a.m. on Oct 7) to 0.01428 in 19 hours, then rebounded 21% to 0.0173. No news explaining it has been found.
One-day volume (Oct 7) reached $92 million, compared with $1–5 million per day at the start of the month. Open interest fell 28% in 30 hours ($7.1 million → $5.1 million), while 63% of accounts are still long.
The concern: a candle that surged to 0.0291 and then fell by more than half in one day points to thin liquidity. The rebound could also be rapidly swept back down.
The 12H trend is still down, and the indicator panel is divided.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 0.0158–0.0185.
Down 51%, then up 21%, both without any news; 63% are still long. Who's trapped?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#GRIFFAIN $GRIFFAIN
One-day volume (Oct 7) reached $92 million, compared with $1–5 million per day at the start of the month. Open interest fell 28% in 30 hours ($7.1 million → $5.1 million), while 63% of accounts are still long.
The concern: a candle that surged to 0.0291 and then fell by more than half in one day points to thin liquidity. The rebound could also be rapidly swept back down.
The 12H trend is still down, and the indicator panel is divided.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 0.0158–0.0185.
Down 51%, then up 21%, both without any news; 63% are still long. Who's trapped?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#GRIFFAIN $GRIFFAIN
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$ON 0,119 — swept 0.1681 at 2 p.m., then fell nearly 30% to 0.119 in 4 hours, with no accompanying news found.
24-hour volume was $79 million, compared with $1–4 million per day previously. Open interest rose from $4.7 million to $6.7 million (peaking at $8.2 million at 3 p.m.); funding was positive, and 66% of accounts were long.
The concern: small market cap, open interest of just $6.7 million, and a nearly 30% reversal in a few hours, with the potential for continued rapid volatility.
The indicator board is mixed; the 3D trend is still down.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 0.1035–0.1349.
Nearly a 30% drop with no news, while 66% of accounts are still long—is 0.1035 holding?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#ON #OrochiNetwork $ON
$ON 0,119 — swept 0.1681 at 2 p.m., then fell nearly 30% to 0.119 in 4 hours, with no accompanying news found.
24-hour volume was $79 million, compared with $1–4 million per day previously. Open interest rose from $4.7 million to $6.7 million (peaking at $8.2 million at 3 p.m.); funding was positive, and 66% of accounts were long.
The concern: small market cap, open interest of just $6.7 million, and a nearly 30% reversal in a few hours, with the potential for continued rapid volatility.
The indicator board is mixed; the 3D trend is still down.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 0.1035–0.1349.
Nearly a 30% drop with no news, while 66% of accounts are still long—is 0.1035 holding?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#ON #OrochiNetwork $ON
24-hour volume was $79 million, compared with $1–4 million per day previously. Open interest rose from $4.7 million to $6.7 million (peaking at $8.2 million at 3 p.m.); funding was positive, and 66% of accounts were long.
The concern: small market cap, open interest of just $6.7 million, and a nearly 30% reversal in a few hours, with the potential for continued rapid volatility.
The indicator board is mixed; the 3D trend is still down.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 0.1035–0.1349.
Nearly a 30% drop with no news, while 66% of accounts are still long—is 0.1035 holding?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#ON #OrochiNetwork $ON
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$NEAR 5,14 — this afternoon, it swept 5.632, above the 5.58 peak on Sep 28, then was pulled back to 5.14 (−8.8% from the peak).
24-hour volume: $1.17 billion. Open interest rose 10% ($271 million → $297 million), briefly hitting $323 million at 2 p.m. before pulling back 8%; 59% of accounts are long. According to AlphaMaven (Oct 1), the first U.S. spot NEAR ETF (Bitwise) attracted $62 million in its first three sessions, about 1% of market cap.
The concern: according to the same source, NEAR had risen about 160% in the month before the fund launched, so the new ETF inflows are small compared with that increase.
4H is bullish; 12H is bearish. The indicator dashboard is not in agreement.
Main direction: stay on the sidelines. Reassess when a 4H candle closes outside 4.95–5.63.
After sweeping 5.58 and reversing, have ETF inflows already been fully priced in?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#NEAR #NEARProtocol $NEAR
$NEAR 5,14 — this afternoon, it swept 5.632, above the 5.58 peak on Sep 28, then was pulled back to 5.14 (−8.8% from the peak).
24-hour volume: $1.17 billion. Open interest rose 10% ($271 million → $297 million), briefly hitting $323 million at 2 p.m. before pulling back 8%; 59% of accounts are long. According to AlphaMaven (Oct 1), the first U.S. spot NEAR ETF (Bitwise) attracted $62 million in its first three sessions, about 1% of market cap.
The concern: according to the same source, NEAR had risen about 160% in the month before the fund launched, so the new ETF inflows are small compared with that increase.
4H is bullish; 12H is bearish. The indicator dashboard is not in agreement.
Main direction: stay on the sidelines. Reassess when a 4H candle closes outside 4.95–5.63.
After sweeping 5.58 and reversing, have ETF inflows already been fully priced in?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#NEAR #NEARProtocol $NEAR
24-hour volume: $1.17 billion. Open interest rose 10% ($271 million → $297 million), briefly hitting $323 million at 2 p.m. before pulling back 8%; 59% of accounts are long. According to AlphaMaven (Oct 1), the first U.S. spot NEAR ETF (Bitwise) attracted $62 million in its first three sessions, about 1% of market cap.
The concern: according to the same source, NEAR had risen about 160% in the month before the fund launched, so the new ETF inflows are small compared with that increase.
4H is bullish; 12H is bearish. The indicator dashboard is not in agreement.
Main direction: stay on the sidelines. Reassess when a 4H candle closes outside 4.95–5.63.
After sweeping 5.58 and reversing, have ETF inflows already been fully priced in?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#NEAR #NEARProtocol $NEAR
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$SOL 115,1 — ranked 2nd in crypto discussion volume on X (15.4%, behind BTC), but the price hit a low of 114.14, its lowest since Sept. 24.
The price fell from 120.7 on the morning of Oct. 7 to 115.1. Open interest dropped 1.4% in 24 hours ($997M → $983M), and funding is near 0. No specific news has been found to explain this drop.
High discussion volume doesn’t mean money is flowing in. More than 2/3 of accounts (68%) are long.
The 4H and 12H timeframes are bearish; the 15m and 1H are only rebounding. Indicators are not in agreement.
Main approach: stay on the sidelines. Reassess when the 4H candle closes outside 114.1–118.7.
Discussion ranks 2nd, yet the price is at a two-week low. Where is the real money?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
$SOL 115,1 — ranked 2nd in crypto discussion volume on X (15.4%, behind BTC), but the price hit a low of 114.14, its lowest since Sept. 24.
The price fell from 120.7 on the morning of Oct. 7 to 115.1. Open interest dropped 1.4% in 24 hours ($997M → $983M), and funding is near 0. No specific news has been found to explain this drop.
High discussion volume doesn’t mean money is flowing in. More than 2/3 of accounts (68%) are long.
The 4H and 12H timeframes are bearish; the 15m and 1H are only rebounding. Indicators are not in agreement.
Main approach: stay on the sidelines. Reassess when the 4H candle closes outside 114.1–118.7.
Discussion ranks 2nd, yet the price is at a two-week low. Where is the real money?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
The price fell from 120.7 on the morning of Oct. 7 to 115.1. Open interest dropped 1.4% in 24 hours ($997M → $983M), and funding is near 0. No specific news has been found to explain this drop.
High discussion volume doesn’t mean money is flowing in. More than 2/3 of accounts (68%) are long.
The 4H and 12H timeframes are bearish; the 15m and 1H are only rebounding. Indicators are not in agreement.
Main approach: stay on the sidelines. Reassess when the 4H candle closes outside 114.1–118.7.
Discussion ranks 2nd, yet the price is at a two-week low. Where is the real money?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
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$ETH 2.571 — more than 3/4 of accounts are still long (3.3 longs for every short) as the price drops to 2,535, its lowest since 9/18.
From 2,725 on the evening of 10/6, ETH fell to 2,535 at midnight today, then bounced slightly to 2,570. Open interest fell 2.7% over 24 hours ($6.31B → $6.14B), with funding near zero. No ETH-specific news found.
The 4H and 12H timeframes are bearish; the 15m and 1H are only bouncing. Indicators are not aligned.
Main plan: stay on the sidelines. Reassess when a 4H candle closes outside 2,535–2,617.
Longs outnumber shorts 3 to 1—who will catch the price if 2,535 breaks?
Personal observation, not a recommendation. Risk 1%, always use a stop.
#ETH #Ethereum $ETH
$ETH 2.571 — more than 3/4 of accounts are still long (3.3 longs for every short) as the price drops to 2,535, its lowest since 9/18.
From 2,725 on the evening of 10/6, ETH fell to 2,535 at midnight today, then bounced slightly to 2,570. Open interest fell 2.7% over 24 hours ($6.31B → $6.14B), with funding near zero. No ETH-specific news found.
The 4H and 12H timeframes are bearish; the 15m and 1H are only bouncing. Indicators are not aligned.
Main plan: stay on the sidelines. Reassess when a 4H candle closes outside 2,535–2,617.
Longs outnumber shorts 3 to 1—who will catch the price if 2,535 breaks?
Personal observation, not a recommendation. Risk 1%, always use a stop.
#ETH #Ethereum $ETH
From 2,725 on the evening of 10/6, ETH fell to 2,535 at midnight today, then bounced slightly to 2,570. Open interest fell 2.7% over 24 hours ($6.31B → $6.14B), with funding near zero. No ETH-specific news found.
The 4H and 12H timeframes are bearish; the 15m and 1H are only bouncing. Indicators are not aligned.
Main plan: stay on the sidelines. Reassess when a 4H candle closes outside 2,535–2,617.
Longs outnumber shorts 3 to 1—who will catch the price if 2,535 breaks?
Personal observation, not a recommendation. Risk 1%, always use a stop.
#ETH #Ethereum $ETH
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$BTC 83.033 — This morning, it touched 82,150, its lowest level since Sept. 21, and broke below the 82,500 floor that had held since Sept. 28.
The price bounced back about 900 after sweeping the lows. I haven’t found any news explaining the drop. Open interest fell only 1.2% over 24 hours, and funding is near zero: leverage hasn’t been flushed out aggressively.
Nearly two-thirds of accounts (64%) are still long, making them the group most vulnerable to stop-losses if the price falls further.
The daily and 4H charts are bearish; the 15m and 1H charts are only showing a bounce. The indicators aren’t aligned yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 82,150–84,140.
After bouncing 900 from the low, will it hold—or turn back to test 82,150?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
$BTC 83.033 — This morning, it touched 82,150, its lowest level since Sept. 21, and broke below the 82,500 floor that had held since Sept. 28.
The price bounced back about 900 after sweeping the lows. I haven’t found any news explaining the drop. Open interest fell only 1.2% over 24 hours, and funding is near zero: leverage hasn’t been flushed out aggressively.
Nearly two-thirds of accounts (64%) are still long, making them the group most vulnerable to stop-losses if the price falls further.
The daily and 4H charts are bearish; the 15m and 1H charts are only showing a bounce. The indicators aren’t aligned yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 82,150–84,140.
After bouncing 900 from the low, will it hold—or turn back to test 82,150?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
The price bounced back about 900 after sweeping the lows. I haven’t found any news explaining the drop. Open interest fell only 1.2% over 24 hours, and funding is near zero: leverage hasn’t been flushed out aggressively.
Nearly two-thirds of accounts (64%) are still long, making them the group most vulnerable to stop-losses if the price falls further.
The daily and 4H charts are bearish; the 15m and 1H charts are only showing a bounce. The indicators aren’t aligned yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 82,150–84,140.
After bouncing 900 from the low, will it hold—or turn back to test 82,150?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
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$龙虾 0,040 — down 54% from the peak of 0,0823 (4 a.m. on 7/10) to a low of 0,038 (4 a.m. today), while 70% of accounts are still long.
A meme coin on BNB Chain. Open interest has halved ($38.6M → $18.9M). No bad news has been announced that I could find.
More than 2/3 of accounts are still long after the price has lost over half its value. The concern: these holders may exit at every brief bounce.
4H, 12H, and 3D are aligned bearish; 15m and 1H are moving sideways. Don’t chase red candles—wait for a bounce.
Main bias: bearish. If the 4H candle closes above 0,0469, this bias is invalidated.
With 70% of accounts still long after the price has lost over half its value, who will be the last to cut losses?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#龙虾 $龙虾
$龙虾 0,040 — down 54% from the peak of 0,0823 (4 a.m. on 7/10) to a low of 0,038 (4 a.m. today), while 70% of accounts are still long.
A meme coin on BNB Chain. Open interest has halved ($38.6M → $18.9M). No bad news has been announced that I could find.
More than 2/3 of accounts are still long after the price has lost over half its value. The concern: these holders may exit at every brief bounce.
4H, 12H, and 3D are aligned bearish; 15m and 1H are moving sideways. Don’t chase red candles—wait for a bounce.
Main bias: bearish. If the 4H candle closes above 0,0469, this bias is invalidated.
With 70% of accounts still long after the price has lost over half its value, who will be the last to cut losses?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#龙虾 $龙虾
A meme coin on BNB Chain. Open interest has halved ($38.6M → $18.9M). No bad news has been announced that I could find.
More than 2/3 of accounts are still long after the price has lost over half its value. The concern: these holders may exit at every brief bounce.
4H, 12H, and 3D are aligned bearish; 15m and 1H are moving sideways. Don’t chase red candles—wait for a bounce.
Main bias: bearish. If the 4H candle closes above 0,0469, this bias is invalidated.
With 70% of accounts still long after the price has lost over half its value, who will be the last to cut losses?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#龙虾 $龙虾
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$JUP 0,374 — rose to 0.388 this morning (+24% from yesterday’s low of 0.3121 at 10 p.m.), and has now pulled back to near the previous high of 0.375 on 28/9.
No specific news has emerged to explain this move. Open interest rose 23% ($17.5M → $21.6M), 60% of accounts are long, and 24-hour volume is $70M.
The concern remains supply: according to an August post (unverified), around 3.5 billion JUP in reserve funds have no unlock schedule yet.
The 4H, 12H, and 3D timeframes all signal an uptrend.
Main bias: bullish. If a 4H candle closes below 0.358, this bias is invalidated.
It touched 0.388 and pulled back, with no news and 3.5 billion tokens lacking a clear schedule — will 0.375 hold or give way?
Personal observations, not a recommendation. 1% risk, always use a stop.
#JUP #Jupiter $JUP
$JUP 0,374 — rose to 0.388 this morning (+24% from yesterday’s low of 0.3121 at 10 p.m.), and has now pulled back to near the previous high of 0.375 on 28/9.
No specific news has emerged to explain this move. Open interest rose 23% ($17.5M → $21.6M), 60% of accounts are long, and 24-hour volume is $70M.
The concern remains supply: according to an August post (unverified), around 3.5 billion JUP in reserve funds have no unlock schedule yet.
The 4H, 12H, and 3D timeframes all signal an uptrend.
Main bias: bullish. If a 4H candle closes below 0.358, this bias is invalidated.
It touched 0.388 and pulled back, with no news and 3.5 billion tokens lacking a clear schedule — will 0.375 hold or give way?
Personal observations, not a recommendation. 1% risk, always use a stop.
#JUP #Jupiter $JUP
No specific news has emerged to explain this move. Open interest rose 23% ($17.5M → $21.6M), 60% of accounts are long, and 24-hour volume is $70M.
The concern remains supply: according to an August post (unverified), around 3.5 billion JUP in reserve funds have no unlock schedule yet.
The 4H, 12H, and 3D timeframes all signal an uptrend.
Main bias: bullish. If a 4H candle closes below 0.358, this bias is invalidated.
It touched 0.388 and pulled back, with no news and 3.5 billion tokens lacking a clear schedule — will 0.375 hold or give way?
Personal observations, not a recommendation. 1% risk, always use a stop.
#JUP #Jupiter $JUP
193
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Partly True
$MET 0,514 — up 65% in 24 hours, open interest has multiplied 3.6x ($5.7M → $20.3M), and shorts are paying 0.45% in funding.
The media have linked the surge to DLMM Pro, Meteora’s customizable liquidity tool announced on October 6, which is currently only available via a waitlist. 24-hour volume is $525M, compared with $5–13M per day at the start of the month.
Price has broken above the September 23 high of $0.4136, while shorts still outnumber longs (56%). The concern: the product has no real users yet, and a rally this fast could reverse just as quickly.
The 4H, 12H, and 3D timeframes all point up; the current 4H candle is up about 8%.
Main bias: bullish. If the 1H candle closes below $0.449, abandon this view.
Shorts are paying 0.45% in funding and the price is still rising—more fuel left, or has it run out?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Meteora $MET
$MET 0,514 — up 65% in 24 hours, open interest has multiplied 3.6x ($5.7M → $20.3M), and shorts are paying 0.45% in funding.
The media have linked the surge to DLMM Pro, Meteora’s customizable liquidity tool announced on October 6, which is currently only available via a waitlist. 24-hour volume is $525M, compared with $5–13M per day at the start of the month.
Price has broken above the September 23 high of $0.4136, while shorts still outnumber longs (56%). The concern: the product has no real users yet, and a rally this fast could reverse just as quickly.
The 4H, 12H, and 3D timeframes all point up; the current 4H candle is up about 8%.
Main bias: bullish. If the 1H candle closes below $0.449, abandon this view.
Shorts are paying 0.45% in funding and the price is still rising—more fuel left, or has it run out?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Meteora $MET
The media have linked the surge to DLMM Pro, Meteora’s customizable liquidity tool announced on October 6, which is currently only available via a waitlist. 24-hour volume is $525M, compared with $5–13M per day at the start of the month.
Price has broken above the September 23 high of $0.4136, while shorts still outnumber longs (56%). The concern: the product has no real users yet, and a rally this fast could reverse just as quickly.
The 4H, 12H, and 3D timeframes all point up; the current 4H candle is up about 8%.
Main bias: bullish. If the 1H candle closes below $0.449, abandon this view.
Shorts are paying 0.45% in funding and the price is still rising—more fuel left, or has it run out?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Meteora $MET
363
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Verified
$ZEC 1.322 — The first U.S. Zcash ETF saw $93.6 million in outflows in just one week.
The ZCSH fund launched on August 25. By early October, its assets had fallen from a peak of around $915–979 million to about $751 million, with outflows of $26–30 million on many days.
In derivatives, open interest fell 3% in 24 hours, and there are more short accounts than long accounts.
The daily and 1H timeframes are trending down, while 4H and 15m are edging up. No consensus yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 1.277–1.384.
With continuous fund outflows, can ZEC hold $1,300?
Personal observation, not a recommendation. 1% risk, always use a stop-loss.
#ZEC #Zcash $ZEC
$ZEC 1.322 — The first U.S. Zcash ETF saw $93.6 million in outflows in just one week.
The ZCSH fund launched on August 25. By early October, its assets had fallen from a peak of around $915–979 million to about $751 million, with outflows of $26–30 million on many days.
In derivatives, open interest fell 3% in 24 hours, and there are more short accounts than long accounts.
The daily and 1H timeframes are trending down, while 4H and 15m are edging up. No consensus yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 1.277–1.384.
With continuous fund outflows, can ZEC hold $1,300?
Personal observation, not a recommendation. 1% risk, always use a stop-loss.
#ZEC #Zcash $ZEC
The ZCSH fund launched on August 25. By early October, its assets had fallen from a peak of around $915–979 million to about $751 million, with outflows of $26–30 million on many days.
In derivatives, open interest fell 3% in 24 hours, and there are more short accounts than long accounts.
The daily and 1H timeframes are trending down, while 4H and 15m are edging up. No consensus yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 1.277–1.384.
With continuous fund outflows, can ZEC hold $1,300?
Personal observation, not a recommendation. 1% risk, always use a stop-loss.
#ZEC #Zcash $ZEC
258
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$QNT 254 — after a 3.6x surge at the end of September, open interest has fallen 11% since yesterday morning.
The story is still real: The Clearing House selected Quant on September 24, then Barclays, HSBC, Lloyds, and Santander tested tokenized pound sterling deposits on Quant’s infrastructure. The concern is that the price may have already priced in all the news.
Open interest fell from $50.5 million to $44.9 million. Funding is now just -0.04%, and short sellers are less aggressive too.
The daily chart is still weakly bullish, and the end-of-September momentum hasn’t faded. The 12H, 4H, and 1H charts are still bearish; the 15m has just edged up, with price moving sideways between 238 and 278.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 238–278.
Is money flowing out of QNT, or is it just taking a breather?
Personal observations, not a recommendation. Risk 1%; always use a stop-loss.
#QNT #RWA $QNT
$QNT 254 — after a 3.6x surge at the end of September, open interest has fallen 11% since yesterday morning.
The story is still real: The Clearing House selected Quant on September 24, then Barclays, HSBC, Lloyds, and Santander tested tokenized pound sterling deposits on Quant’s infrastructure. The concern is that the price may have already priced in all the news.
Open interest fell from $50.5 million to $44.9 million. Funding is now just -0.04%, and short sellers are less aggressive too.
The daily chart is still weakly bullish, and the end-of-September momentum hasn’t faded. The 12H, 4H, and 1H charts are still bearish; the 15m has just edged up, with price moving sideways between 238 and 278.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 238–278.
Is money flowing out of QNT, or is it just taking a breather?
Personal observations, not a recommendation. Risk 1%; always use a stop-loss.
#QNT #RWA $QNT
The story is still real: The Clearing House selected Quant on September 24, then Barclays, HSBC, Lloyds, and Santander tested tokenized pound sterling deposits on Quant’s infrastructure. The concern is that the price may have already priced in all the news.
Open interest fell from $50.5 million to $44.9 million. Funding is now just -0.04%, and short sellers are less aggressive too.
The daily chart is still weakly bullish, and the end-of-September momentum hasn’t faded. The 12H, 4H, and 1H charts are still bearish; the 15m has just edged up, with price moving sideways between 238 and 278.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 238–278.
Is money flowing out of QNT, or is it just taking a breather?
Personal observations, not a recommendation. Risk 1%; always use a stop-loss.
#QNT #RWA $QNT
600
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$BR 0,561 — fell from 1.40 to 0.381 in 15 days, then surged 78% in just one day.
Bedrock is a BTC restaking protocol. It peaked at 1.40 on Sep 20, bottomed at 0.381 on the evening of Oct 5, losing 73%. Yesterday, the price shot up to 0.677 before retreating to 0.56, with funding at -0.15%. No news has emerged to explain either move.
The concern: August data showed that the 100 largest wallets held 99.6% of the circulating token supply. The price moves with a handful of large wallets.
The 4H chart has turned upward after a sustained downward trend, but the daily, 1H, and 15m charts are still declining. No consensus yet.
Main direction: stay out. Reassess when the 4H candle closes outside 0.55–0.68.
Is the 78% rebound a true bottom, or just a whale-driven move?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#BR #Bedrock $BR
$BR 0,561 — fell from 1.40 to 0.381 in 15 days, then surged 78% in just one day.
Bedrock is a BTC restaking protocol. It peaked at 1.40 on Sep 20, bottomed at 0.381 on the evening of Oct 5, losing 73%. Yesterday, the price shot up to 0.677 before retreating to 0.56, with funding at -0.15%. No news has emerged to explain either move.
The concern: August data showed that the 100 largest wallets held 99.6% of the circulating token supply. The price moves with a handful of large wallets.
The 4H chart has turned upward after a sustained downward trend, but the daily, 1H, and 15m charts are still declining. No consensus yet.
Main direction: stay out. Reassess when the 4H candle closes outside 0.55–0.68.
Is the 78% rebound a true bottom, or just a whale-driven move?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#BR #Bedrock $BR
Bedrock is a BTC restaking protocol. It peaked at 1.40 on Sep 20, bottomed at 0.381 on the evening of Oct 5, losing 73%. Yesterday, the price shot up to 0.677 before retreating to 0.56, with funding at -0.15%. No news has emerged to explain either move.
The concern: August data showed that the 100 largest wallets held 99.6% of the circulating token supply. The price moves with a handful of large wallets.
The 4H chart has turned upward after a sustained downward trend, but the daily, 1H, and 15m charts are still declining. No consensus yet.
Main direction: stay out. Reassess when the 4H candle closes outside 0.55–0.68.
Is the 78% rebound a true bottom, or just a whale-driven move?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#BR #Bedrock $BR
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$MINA 0,101 — down 41% in less than 2 days, with no bad news announced.
Peaked at 0.171 at 16:00 on 5/10, bottomed at 0.0996 at 13:00, breaking below the 0.1 mark. No token unlock or delisting news found. Volume surged as the price broke through short-term levels, a sign of cascading stop-losses.
Open interest rose 43% as the price fell, short accounts outnumbered long accounts by 1.5 to 1, and funding was -0.19%. Shorts are already very crowded.
Every timeframe is down. The 1H chart shows a long downward momentum streak; the 4H confirmed the trend this morning. Don’t chase red candles—wait for a sideways move.
Main direction: down. If the 4H closes back above 0.118, abandon this view.
No bad news, yet down 41%—is that enough?
Personal observation, not a recommendation. Risk 1%; always set a stop.
#MINA $MINA
$MINA 0,101 — down 41% in less than 2 days, with no bad news announced.
Peaked at 0.171 at 16:00 on 5/10, bottomed at 0.0996 at 13:00, breaking below the 0.1 mark. No token unlock or delisting news found. Volume surged as the price broke through short-term levels, a sign of cascading stop-losses.
Open interest rose 43% as the price fell, short accounts outnumbered long accounts by 1.5 to 1, and funding was -0.19%. Shorts are already very crowded.
Every timeframe is down. The 1H chart shows a long downward momentum streak; the 4H confirmed the trend this morning. Don’t chase red candles—wait for a sideways move.
Main direction: down. If the 4H closes back above 0.118, abandon this view.
No bad news, yet down 41%—is that enough?
Personal observation, not a recommendation. Risk 1%; always set a stop.
#MINA $MINA
Peaked at 0.171 at 16:00 on 5/10, bottomed at 0.0996 at 13:00, breaking below the 0.1 mark. No token unlock or delisting news found. Volume surged as the price broke through short-term levels, a sign of cascading stop-losses.
Open interest rose 43% as the price fell, short accounts outnumbered long accounts by 1.5 to 1, and funding was -0.19%. Shorts are already very crowded.
Every timeframe is down. The 1H chart shows a long downward momentum streak; the 4H confirmed the trend this morning. Don’t chase red candles—wait for a sideways move.
Main direction: down. If the 4H closes back above 0.118, abandon this view.
No bad news, yet down 41%—is that enough?
Personal observation, not a recommendation. Risk 1%; always set a stop.
#MINA $MINA
1
2
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$ORCA 2,89 — up 75% in a week on a proposal to share revenue with token holders. The proposal has not been approved.
The proposal, introduced on Oct. 6, would use protocol revenue to reward staking, buy back tokens, and potentially return some transaction fees to token holders. It still needs to pass a community vote.
The price hit 3.33 at 6 a.m., then fell 13%. Open interest nearly doubled, from $7.9 million to $14.7 million. Funding is negative, and there are more short positions than long positions.
The daily and 12H timeframes are bullish; 4H is weakly bullish. 1H and 15m have turned down, and the price has pulled back significantly from its peak. No consensus yet.
Main approach: stay out. Reassess when a 4H candle closes outside 2.57–3.33.
The price moved before the proposal was approved. How much upside is left?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#ORCA #Solana $ORCA
$ORCA 2,89 — up 75% in a week on a proposal to share revenue with token holders. The proposal has not been approved.
The proposal, introduced on Oct. 6, would use protocol revenue to reward staking, buy back tokens, and potentially return some transaction fees to token holders. It still needs to pass a community vote.
The price hit 3.33 at 6 a.m., then fell 13%. Open interest nearly doubled, from $7.9 million to $14.7 million. Funding is negative, and there are more short positions than long positions.
The daily and 12H timeframes are bullish; 4H is weakly bullish. 1H and 15m have turned down, and the price has pulled back significantly from its peak. No consensus yet.
Main approach: stay out. Reassess when a 4H candle closes outside 2.57–3.33.
The price moved before the proposal was approved. How much upside is left?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#ORCA #Solana $ORCA
The proposal, introduced on Oct. 6, would use protocol revenue to reward staking, buy back tokens, and potentially return some transaction fees to token holders. It still needs to pass a community vote.
The price hit 3.33 at 6 a.m., then fell 13%. Open interest nearly doubled, from $7.9 million to $14.7 million. Funding is negative, and there are more short positions than long positions.
The daily and 12H timeframes are bullish; 4H is weakly bullish. 1H and 15m have turned down, and the price has pulled back significantly from its peak. No consensus yet.
Main approach: stay out. Reassess when a 4H candle closes outside 2.57–3.33.
The price moved before the proposal was approved. How much upside is left?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#ORCA #Solana $ORCA
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Partly True
$SOL 118,4 — J.P. Morgan weighs in on building a payment tool for Solana, but the price still fell below 117 after BTC’s plunge this morning.
On Oct. 6, the Solana Foundation launched Solana DvP, an open-source tool that lets financial institutions make payments and receive assets in the same transaction. Settlement time drops from 1–2 days to just a few seconds.
SOL accounts for 14.7% of crypto discussion on X, second only to BTC. The concern: long positions are nearly twice as numerous as shorts, and good news hasn’t been enough to support the price.
The 1H, 4H, and daily timeframes all point down. The 15m timeframe showed bearish momentum at 9 a.m.; now there’s only a slight rebound.
Main outlook: bearish. If the 4H candle closes back above 120.8, this outlook is invalidated.
With nearly twice as many longs as shorts, who will step in if 116.9 breaks?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
$SOL 118,4 — J.P. Morgan weighs in on building a payment tool for Solana, but the price still fell below 117 after BTC’s plunge this morning.
On Oct. 6, the Solana Foundation launched Solana DvP, an open-source tool that lets financial institutions make payments and receive assets in the same transaction. Settlement time drops from 1–2 days to just a few seconds.
SOL accounts for 14.7% of crypto discussion on X, second only to BTC. The concern: long positions are nearly twice as numerous as shorts, and good news hasn’t been enough to support the price.
The 1H, 4H, and daily timeframes all point down. The 15m timeframe showed bearish momentum at 9 a.m.; now there’s only a slight rebound.
Main outlook: bearish. If the 4H candle closes back above 120.8, this outlook is invalidated.
With nearly twice as many longs as shorts, who will step in if 116.9 breaks?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
On Oct. 6, the Solana Foundation launched Solana DvP, an open-source tool that lets financial institutions make payments and receive assets in the same transaction. Settlement time drops from 1–2 days to just a few seconds.
SOL accounts for 14.7% of crypto discussion on X, second only to BTC. The concern: long positions are nearly twice as numerous as shorts, and good news hasn’t been enough to support the price.
The 1H, 4H, and daily timeframes all point down. The 15m timeframe showed bearish momentum at 9 a.m.; now there’s only a slight rebound.
Main outlook: bearish. If the 4H candle closes back above 120.8, this outlook is invalidated.
With nearly twice as many longs as shorts, who will step in if 116.9 breaks?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
1
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$龙虾 0.0706 — up 52% in 24 hours. Last week, this meme coin tripled in a day, then lost 64% the very next day.
龙虾 (Lobster) is a meme coin on BNB Chain, based on a type of internet joke from China. Open interest rose from $25.6 million to $38.6 million in 24 hours, with 1.27 times as many long accounts as short accounts.
The concern: a data aggregator reported that one wallet holds around 14% of the supply, but this has not been verified. The project has no product, and its price follows speculative flows.
The 4H chart is still rising, but the 1H is stalling, the 15m is turning down, and the daily chart remains weakly bearish. No clear consensus.
Main approach: stay out. Reassess when the 4H closes outside 0.059–0.0823.
Will this time be different, or will it triple again and then give it all back?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#龙虾 #Meme $龙虾
$龙虾 0.0706 — up 52% in 24 hours. Last week, this meme coin tripled in a day, then lost 64% the very next day.
龙虾 (Lobster) is a meme coin on BNB Chain, based on a type of internet joke from China. Open interest rose from $25.6 million to $38.6 million in 24 hours, with 1.27 times as many long accounts as short accounts.
The concern: a data aggregator reported that one wallet holds around 14% of the supply, but this has not been verified. The project has no product, and its price follows speculative flows.
The 4H chart is still rising, but the 1H is stalling, the 15m is turning down, and the daily chart remains weakly bearish. No clear consensus.
Main approach: stay out. Reassess when the 4H closes outside 0.059–0.0823.
Will this time be different, or will it triple again and then give it all back?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#龙虾 #Meme $龙虾
龙虾 (Lobster) is a meme coin on BNB Chain, based on a type of internet joke from China. Open interest rose from $25.6 million to $38.6 million in 24 hours, with 1.27 times as many long accounts as short accounts.
The concern: a data aggregator reported that one wallet holds around 14% of the supply, but this has not been verified. The project has no product, and its price follows speculative flows.
The 4H chart is still rising, but the 1H is stalling, the 15m is turning down, and the daily chart remains weakly bearish. No clear consensus.
Main approach: stay out. Reassess when the 4H closes outside 0.059–0.0823.
Will this time be different, or will it triple again and then give it all back?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#龙虾 #Meme $龙虾
756
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Partly True
$NMR 16,63 — South Korea’s largest exchange just listed it, and the price rose 39% in a day, while short sellers are still paying a 0.47% fee to hold their positions.
On Oct 6, NMR was added to the exchange’s KRW and USDT markets. The price climbed from 11.8 to a high of 17.87 at 9 a.m. today. Open interest rose from $5.5 million to $12.8 million.
The familiar worry: a sell-off after a Korean exchange listing. The price has already fallen nearly 7% from its high, and short sellers are betting on that scenario.
The daily and 4H charts are still bullish; the 4H chart just confirmed last night’s momentum. The 1H and 15m charts have ticked back up after a pause, but remain weak—the timeframes aren’t aligned.
Main plan: stay out. Reassess when the 4H candle closes outside 15.1–17.9.
Short sellers pay a fee each funding period. Who will give in first?
Personal observation, not a recommendation. 1% risk, always use a stop-loss.
#NMR #Numeraire $NMR
$NMR 16,63 — South Korea’s largest exchange just listed it, and the price rose 39% in a day, while short sellers are still paying a 0.47% fee to hold their positions.
On Oct 6, NMR was added to the exchange’s KRW and USDT markets. The price climbed from 11.8 to a high of 17.87 at 9 a.m. today. Open interest rose from $5.5 million to $12.8 million.
The familiar worry: a sell-off after a Korean exchange listing. The price has already fallen nearly 7% from its high, and short sellers are betting on that scenario.
The daily and 4H charts are still bullish; the 4H chart just confirmed last night’s momentum. The 1H and 15m charts have ticked back up after a pause, but remain weak—the timeframes aren’t aligned.
Main plan: stay out. Reassess when the 4H candle closes outside 15.1–17.9.
Short sellers pay a fee each funding period. Who will give in first?
Personal observation, not a recommendation. 1% risk, always use a stop-loss.
#NMR #Numeraire $NMR
On Oct 6, NMR was added to the exchange’s KRW and USDT markets. The price climbed from 11.8 to a high of 17.87 at 9 a.m. today. Open interest rose from $5.5 million to $12.8 million.
The familiar worry: a sell-off after a Korean exchange listing. The price has already fallen nearly 7% from its high, and short sellers are betting on that scenario.
The daily and 4H charts are still bullish; the 4H chart just confirmed last night’s momentum. The 1H and 15m charts have ticked back up after a pause, but remain weak—the timeframes aren’t aligned.
Main plan: stay out. Reassess when the 4H candle closes outside 15.1–17.9.
Short sellers pay a fee each funding period. Who will give in first?
Personal observation, not a recommendation. 1% risk, always use a stop-loss.
#NMR #Numeraire $NMR
335
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🚨 Ethereum Falls Below $2,400 After $860M in Long Liquidations — Who’s Next?
Ethereum has dropped below the critical $2,400 level following a massive wave of long liquidations reportedly totaling $860 million. This is a serious warning for leveraged traders because forced selling can accelerate a decline when buyers fail to defend support.
🔥 WHY THIS MATTERS
When traders use leverage to bet on rising prices, even a relatively small drop can trigger liquidations. Those forced closures add selling pressure, potentially pushing prices lower and triggering another round of liquidations.
🎯 THE NEXT LEVELS TO WATCH
📉 Below $2,400: If ETH remains below this level and attempts to reclaim it fail, selling pressure could persist. Traders may then watch the $2,300 area, followed by $2,200, as potential downside zones.
📈 Recovery above $2,400: If buyers reclaim $2,400 and hold it as support, ETH could attempt a recovery toward $2,500. A stronger move above that zone would improve the short-term outlook.
⚠️ THE BIGGEST RISK: If $ETH breaks lower while open interest remains elevated, additional leveraged positions could be forced out. However, if much of the leverage has already been cleared, selling pressure could begin to ease.
My take: The $2,400 level is now a key area to monitor. Watch the candle close, trading volume, and liquidation data before assuming the next move. A temporary bounce is not confirmation of a trend reversal.
#Ethereum #ETH #CryptoLiquidations
Faizan Crypto Learner
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