$CATI

๐Ÿšจ $CATI Rebound Update: Is the Reversal Here? ๐Ÿšจ

On the day of $CATI 3, I pointed out in the comments that 8 million contracts were flowing in, signaling a potential oversold rebound. Fast forward to today, and while the data shows the main spot flowing out, weโ€™ve seen a significant increase in contract holdings. This suggests a large bubble, indicating that a true reversal might not be here just yet. ๐Ÿ‘€

๐Ÿ’ก What Does This Mean?

The rebound remains the primary focus. While the rebound has already seen some upward movement, itโ€™s wise not to chase the peaks just yet. โš ๏ธ Patience is keyโ€”wait for the price to stabilize and move sideways before making any new moves. ๐Ÿ“Š

๐Ÿฆ Lionโ€™s Insight

The market still leans towards a reboundโ€”the question is how high? With 5280 being strongly broken, itโ€™s not the right moment to go short just yet. Wait and observe the movement carefully before making any decisions. ๐Ÿ’ผ

๐Ÿ“Œ Key Takeaways:

1๏ธโƒฃ Donโ€™t chase the highs during this rebound.

2๏ธโƒฃ Wait for sideways movement to gauge the next move.

3๏ธโƒฃ Observe the market carefully before going short.

Stay informed and watch the trends closely! ๐Ÿ“ˆ

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