Crypto清水
--
Bearish
#AUCTION This coin is completely controlled by the dog fund. This trend reminds me of the previous ZEN, almost identical, perhaps done by the same group of people. I will discuss the future scenario from three perspectives: chip distribution / estimated liquidation / funding rate, and we'll see if it plays out this way.
Chip Distribution:
This is the weekly chip situation, it is now at 35, going further up, the next resistance is 40, the highest is 48. Given that almost all chips are in the hands of the dog fund, although from the chip perspective it is clear that they are gradually distributing some chips to retail investors, most of the bottom chips are still with them. If they want to further distribute chips for selling, they will inevitably need to push up to entice more buyers; 40-48 is possible.
Estimated Liquidation:
It can be seen that going up to the position of 40, the contract can explode up to 4.8 million, and the main force has almost no opposing orders. However, if it crashes down to around 16, it can explode 45 million opposing orders.
Funding Rate:
It has already been reduced from the previous -1% to about -0.09% now, which means there are significantly fewer short positions. Some short positions have been liquidated, while others have been scared off, and those who open long positions have increased significantly. This is actually the dog fund gradually cultivating opposing orders.
If you look at the trend of ZEN last year, it is actually almost the same, continuously and steadily pushing up, surpassing the significant chip pressure level above, and basically about to reverse, especially the behavior of accelerating to attract market attention is all just to sell off. Therefore, there is a high probability of another acceleration spike before reversing, but do not chase high; just wait for the main force to sell off and crash the market.
$AUCTION
Chip Distribution:
This is the weekly chip situation, it is now at 35, going further up, the next resistance is 40, the highest is 48. Given that almost all chips are in the hands of the dog fund, although from the chip perspective it is clear that they are gradually distributing some chips to retail investors, most of the bottom chips are still with them. If they want to further distribute chips for selling, they will inevitably need to push up to entice more buyers; 40-48 is possible.
Estimated Liquidation:
It can be seen that going up to the position of 40, the contract can explode up to 4.8 million, and the main force has almost no opposing orders. However, if it crashes down to around 16, it can explode 45 million opposing orders.
Funding Rate:
It has already been reduced from the previous -1% to about -0.09% now, which means there are significantly fewer short positions. Some short positions have been liquidated, while others have been scared off, and those who open long positions have increased significantly. This is actually the dog fund gradually cultivating opposing orders.
If you look at the trend of ZEN last year, it is actually almost the same, continuously and steadily pushing up, surpassing the significant chip pressure level above, and basically about to reverse, especially the behavior of accelerating to attract market attention is all just to sell off. Therefore, there is a high probability of another acceleration spike before reversing, but do not chase high; just wait for the main force to sell off and crash the market.
$AUCTION
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0