$YB Still Consolidating, But Bullish Vibes Building
It's been hanging out in this tight range lately, but I'm seeing some signs that the bulls might be gearing up for a push.
*Volume Check:
The last few candles during the pullbacks have been on pretty low volume (around 7M average over the past 5 vs. the 24h average of ~9.2M). That usually means sellers are getting tired out – not much conviction on the downside.
*Capital Flows:
Spot markets are looking healthy with net inflows: +83k USDT in the last 24h and +259k over the past week. People are quietly accumulating.
On the futures side, though, we've got steady outflows (-354k in 24h, -1.5M over the week). That leverage getting flushed out is actually a good setup for a reversal – less overhead pressure.
*Price Action $YB
We hit a hammer candle right around 0.3717 with solid volume (78M vs. 65M avg), which screams potential bottom.
Right now it's chopping between 0.37-0.42 – classic accumulation zone.
Even on shorter timeframes, spot buying picks up on dips (like +132k USDT in the last 30m).
*My Take & Trade Idea $YB : I'm leaning cautious long here – feels like a reversal setup.
Entry: Around current levels, say 0.405-0.415
Stop: 0.385 (below the swing low)
Targets: First one at 0.44 (R2 resistance) stretch to 0.462 (R3 resistance)
