During weekends/low volatility periods, one can typically observe long and short strength data to capture relatively volatile market opportunities. Today, the short lines $MON $MAV $XRP all have strong active buying pressure. Therefore, friends who are bullish can look for tokens with relative support in the long and short strength overview to layout their positions.
For example, comparing data on the dashboard:
1️⃣ MON: Today's bearish chip concentration has decreased, and there are many green bars appearing in both the whale alert and long-short strength, indicating that short-term whale long positions have entered, with strong buying pressure pushing prices up.
2️⃣ XRP: The data aspect is relatively weak, with prices rising but the bullish chip concentration decreasing. This indicates that after the price increase, whale long positions have actually decreased, possibly due to retail traders pushing the price of XRP higher.
💡 Overall, while both MON and XRP have risen in the short term, their chip structures and background for the rise are different, which is something to pay special attention to in short-term trading!
Data source: blave.org
