$GTC has dropped 12.3% in four hours, plunging straight from 0.3761 back to 0.3238. Anyone who chased the rally is now stuck at the top.
Shorts are still adding to their positions despite negative funding. Open interest is up 16.5%—they’re willing to pay just to push it lower.
Binance has also flagged it for monitoring, so volatility could get even wilder. Don’t go overboard with leverage.
I got AVA wrong last time. I won’t be stubborn this time—I’m siding with the shorts.
Give it a day: which level gets hit first, 0.2769 or 0.3761? I’m betting on 0.2769.
What about you—which comes first? #GTC #Monitoring Tag
Shorts are still adding to their positions despite negative funding. Open interest is up 16.5%—they’re willing to pay just to push it lower.
Binance has also flagged it for monitoring, so volatility could get even wilder. Don’t go overboard with leverage.
I got AVA wrong last time. I won’t be stubborn this time—I’m siding with the shorts.
Give it a day: which level gets hit first, 0.2769 or 0.3761? I’m betting on 0.2769.
What about you—which comes first? #GTC #Monitoring Tag