$ALLO is consolidating after a massive 200%+ rally, while CVD continues to trend higher.
There are two possible scenarios here:
🟢 Bullish scenario: Price is holding near the highs while buyers remain aggressive. Rising CVD suggests demand is still entering the market. If buyers keep the pressure on, this consolidation could be preparation for another move higher.
🔴 Bearish scenario: CVD keeps rising, but price struggles to accelerate. This could mean a larger player is absorbing market buys through limit sell orders and distributing into strength. If demand fades, a sharp pullback may follow.
For now, the key level to watch is the local high.
A clean breakout above the range high would strengthen the bullish case and signal that the uptrend remains intact.
What do you think - accumulation or distribution? 🤔
$OPG Open interest is rising during consolidation, and it's increasing on selling pressure. That suggests traders are piling into shorts near the lows. At the same time, volume is coming in. This setup could easily lead to a squeeze and a sharp move higher.
$BTC продолжает падать, упав еще на 4% за день. Открытый интерес значительно возрос, в основном из-за открытия новых шортов. В то же время, лимиты в ордер-бук уже показывают сильный дисбаланс в сторону бидов по всему рынку и на самом Биткойне.