$BASEDUSDT The market looks pretty unforgiving—price is sitting in the low range and all the capital is running for the exit. OI is down 6.6%, a typical long-liquidation retreat. The sideways-to-lower bleed on decreasing volume has no buyers stepping in. The 4-hour downtrend for the shorts is still quite strong.
Don’t rush to bottom-buy. The funding rate panic has reached an extreme, but the direction still favors the shorts. Wait for a volume-backed stabilization before making a move—going in now is just catching a falling knife. 🦉
Don’t rush to bottom-buy. The funding rate panic has reached an extreme, but the direction still favors the shorts. Wait for a volume-backed stabilization before making a move—going in now is just catching a falling knife. 🦉