$APP current price 346.21, down 18.403% in the past 24 hours, yet the funding rate is still at 0.00318388โlongs are still paying. With prices sharply falling and the funding rate positive, it indicates that the trapped long positions havenโt been fully unwound; theyโre still adding to the position betting on a dead-cat bounce, while the liquidation wall is constantly pressing lower.
If the military conflict escalates, funding will first flow to energy and safe-haven trades, then cut positions with high-volatility risk. Some people are treating the brutal selloff as a mispricing opportunity; I disagree. Under geopolitical pressure, on-chain US stock futures contracts will be the first to be deleveraged. A positive funding rate only makes long holdersโ costs even more uncomfortable. The open interest at 5356.56 isnโt a โstorm has passedโ signal; right now, chasing a rebound risks getting hit by the falling knife.
My move is very direct: if the rebound canโt reclaim 346.21, Iโll short with a minimal leverage. As soon as 346.21 is effectively recovered, take profit/loss immediately by stopping out. If it breaks below the previous low, take partial profits in batches, and have the remaining position trail with the stop-loss as it moves down. If the longs want to turn things around, they need to wash out the positive funding and the trapped positions first.
Trading tag:
#TradFi #้พไธ็พ่ก #APP
Under a risk-averse sentiment, how will APP move?