$CATI
๐จ $CATI Rebound Update: Is the Reversal Here? ๐จ
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, weโve seen a significant increase in contract holdings. This suggests a large bubble, indicating that a true reversal might not be here just yet. ๐
๐ก What Does This Mean?
The rebound remains the primary focus. While the rebound has already seen some upward movement, itโs wise not to chase the peaks just yet. โ ๏ธ Patience is keyโwait for the price to stabilize and move sideways before making any new moves. ๐
๐ฆ Lionโs Insight
The market still leans towards a reboundโthe question is how high? With 5280 being strongly broken, itโs not the right moment to go short just yet. Wait and observe the movement carefully before making any decisions. ๐ผ
๐ Key Takeaways:
1๏ธโฃ Donโt chase the highs during this rebound.
2๏ธโฃ Wait for sideways movement to gauge the next move.
3๏ธโฃ Observe the market carefully before going short.
Stay informed and watch the trends closely! ๐
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