🔥 $ID Still Bullish, but Taking a Breather
*Volume Situation
The recent 4-hour candles show volume drying up during this sideways action (latest one was only ~9M compared to 80M+ during the big rally). It's typical—momentum's taking a pause, but nothing alarming yet.
*Capital Flows:
Spot's holding positive in the short term—small but steady inflows like +8k in 5m and +17k in 1H. Feels like retail is quietly accumulating.
On the futures side, we've got consistent outflows (around -492k in 24H and -877k over 7D). Looks like leveraged players are locking in profits, which is putting some pressure on the price, but it's not screaming reversal.
*Price Action $ID
We had a nice rally from the low around 0.058 to 0.0685, then settled into this range with higher lows holding. The latest candle's a doji sitting right at the upper Bollinger band—classic indecision spot.
*My Read $ID : Cautiously bullish for now. I think we could see a breakout higher if volume picks back up, but I'm not chasing it blindly.
*Entry Ideas:
- If you're feeling bold: Go ahead and enter around current price (~0.0655), but keep your stop-loss tight—no room for error.
- Safer play: Sit tight for a dip back to that MA5 level (~0.0633) where you'd get a better setup, or wait for a solid push above resistance at 0.0684 with decent volume to confirm it's real.
Stop-loss: 0.0632 for aggressive, or under Support (0.0592) for safer setups. Keep sizing conservative because of those contract outflows and the negative funding rate.
*Targets
Short-term: R2 Resistance at 0.0730
Near-term: R1 resistance (0.0684)
