59.86% gain, but the funding rate is negative?
RAYSOL's trading volume surged to 241 million USDT today, and the price climbed from 0.83 to 1.40 before pulling back to 1.33.
It looks like the bulls are very strong, but funding -0.00247% means that traders borrowing long positions are paying the shorts —
so there are actually people quietly shorting in the market.
The long/short ratio is 48% to 52%, with shorts slightly in the lead.
Overall momentum strengthened within 8 hours, but after the huge volume on the 1.407 candle at the top, it started to correct,
which is usually a sign that short-term profit takers are selling.
I don't chase moves that have already run this far.
It would be safer to wait and see whether there is support if it pulls back to the 1.15-1.20 range.
$RAYSOL #资金费率背离 #59% gain
Click the card below to quickly view the market👇
RAYSOL's trading volume surged to 241 million USDT today, and the price climbed from 0.83 to 1.40 before pulling back to 1.33.
It looks like the bulls are very strong, but funding -0.00247% means that traders borrowing long positions are paying the shorts —
so there are actually people quietly shorting in the market.
The long/short ratio is 48% to 52%, with shorts slightly in the lead.
Overall momentum strengthened within 8 hours, but after the huge volume on the 1.407 candle at the top, it started to correct,
which is usually a sign that short-term profit takers are selling.
I don't chase moves that have already run this far.
It would be safer to wait and see whether there is support if it pulls back to the 1.15-1.20 range.
$RAYSOL #资金费率背离 #59% gain
Click the card below to quickly view the market👇
