Trade Result: $MUU SHORT
Entry: 36.66
Exit: 36.225 (TP1 hit)
PnL: +1.19%
Our short thesis on $MUU played out as expected. Price rejected sharply from the 38.24 high and broke down through the 36.44–36.48 zone, with Digash signaling a confirmed breakdown. Structure on 5m/15m was broken, and a series of red candles on rising volume confirmed seller pressure. Taker buy/sell ratio at 0.4224 and a weak Long/Short of 1.08 pointed to aggressive selling, while 0% funding offered no bounce and rising OI (+0.2%) on the drop suggested shorts were being added.
TP1 secured. Clean execution, thesis validated.
Entry: 36.66
Exit: 36.225 (TP1 hit)
PnL: +1.19%
Our short thesis on $MUU played out as expected. Price rejected sharply from the 38.24 high and broke down through the 36.44–36.48 zone, with Digash signaling a confirmed breakdown. Structure on 5m/15m was broken, and a series of red candles on rising volume confirmed seller pressure. Taker buy/sell ratio at 0.4224 and a weak Long/Short of 1.08 pointed to aggressive selling, while 0% funding offered no bounce and rising OI (+0.2%) on the drop suggested shorts were being added.
TP1 secured. Clean execution, thesis validated.