$SNXX 24 hours up 5.214% to 14.53; funding rate is 0.0015. Longs are paying shorts. Global news is boosting risk appetite, and on-chain US stock futures are rising in tandem, but with a positive funding rate the longs are crowded—chasing higher prices adds costs. I think this rally relies on sentiment; if the price breaks below 14.30 or the news backdrop turns cooler, the rally thesis will fail. Now I'm using a total position size of 2% to go long, with a stop-loss at 14.30.

Trading tag: #TradFi #链上美股 #SNXX

Where do you think this set of assumptions is most likely to be wrong?