$COTI This line has been smashed from 0.0188 down to 0.0142, a 20-point drop that wipes out all the gains from the previous days. The trading volume—26.19 million—has been piled into the bearish candles. This isn’t a volume-contraction washout; it’s heavy volume distribution.
The funding rate of -0.1190% is the real key. The daily cost is about 0.36%, which annualizes to a loss of 72.8%. The shorts are willing to pay such an expensive price, which suggests they’re not betting on a rebound—they’re betting on continued downside. With negative funding rates stacked on top of the sharp selloff, the long side is cutting losses and exiting.
Key numbers: stop-loss at 0.0132 (if it breaks down, get out). First watch whether 0.0158 can hold during this round of rebound. If it clears that, then look at the resistance above 0.0172. The 26.42 million in trading value during the downtrend is all passive catching, with no flavor of active buying.
Based on the pace of your usual entries—if 0.0132 breaks down to 0.0158 rebounds, the movement in between is only about two cents of room. Is that enough to place orders and set stop-losses? If not, don’t keep tinkering.
#COTI
The funding rate of -0.1190% is the real key. The daily cost is about 0.36%, which annualizes to a loss of 72.8%. The shorts are willing to pay such an expensive price, which suggests they’re not betting on a rebound—they’re betting on continued downside. With negative funding rates stacked on top of the sharp selloff, the long side is cutting losses and exiting.
Key numbers: stop-loss at 0.0132 (if it breaks down, get out). First watch whether 0.0158 can hold during this round of rebound. If it clears that, then look at the resistance above 0.0172. The 26.42 million in trading value during the downtrend is all passive catching, with no flavor of active buying.
Based on the pace of your usual entries—if 0.0132 breaks down to 0.0158 rebounds, the movement in between is only about two cents of room. Is that enough to place orders and set stop-losses? If not, don’t keep tinkering.
#COTI