$RE this new coin is pulling some strings, and the timing is quite tricky—just as we hit Friday and head into the weekend. Looking at the data, it seems like the main funds are leaning towards long positions since launch, but being a new coin, the liquidity isn’t too stable. So let's treat this data as auxiliary for now.
Currently, the hourly candlestick structure looks pretty strong. With retail traders feeling bearish in this bear market and a lot of folks going short, it makes sense that the new inflow of main funds is primarily taking long positions, effectively munching on the shorts before unloading. There's an expectation to push towards 1.3-1.4. The sideways action looks decent for entry, just keep your stop-loss tight around 0.66 to see if it holds. New coins can be volatile, so I'd advise against using leverage; it's pretty much like dealing with a meme coin.
Currently, the hourly candlestick structure looks pretty strong. With retail traders feeling bearish in this bear market and a lot of folks going short, it makes sense that the new inflow of main funds is primarily taking long positions, effectively munching on the shorts before unloading. There's an expectation to push towards 1.3-1.4. The sideways action looks decent for entry, just keep your stop-loss tight around 0.66 to see if it holds. New coins can be volatile, so I'd advise against using leverage; it's pretty much like dealing with a meme coin.