Can $US
USUSDT
Perp
0.01167
-1.76%
be LONG?
The answer is yes, it can be technically/theoretically, but it depends on many factors:
Why can it be LONG?
✔️ If there is strong buying and high volume accumulation, the price can rise and trigger long momentum
✔️ Market sentiment improves or the project may receive positive news
✔️ Demand for the token increases while the supply going out is relatively low
This is all the same in crypto trading in general: when demand > short-term supply, the price has the chance to rise (long). #US