Shot up from $0.01 to $1.3 in a minute and then dropped back with funding kicking in. Funding rate - 3834% APR. Long it while you still can. $BABY #BABYUSDT #long
Possible reasons for shorting XRP (with calculations based on your volume of 15.51879178 XRP):
Break of support down and consolidation below. Example: if the support was 0.60 USDT, and the price went to 0.58, the movement is −0.02 USDT per coin. Your PnL when shorting: 0.02 × 15.51879178 ≈ 0.31 USDT (before fees/funding).
Weak momentum (lower highs/lower lows). Example: a series of highs 0.64 → 0.62 → 0.60. If entering short on the retest at 0.60, and the target is 0.57, potential: 0.03 × 15.51879178 ≈ 0.47 USDT.