OI drops to 25.3876 million, 24h change -1.15%; prices also weaken, getting closer to a deleveraging decline. The addition of short positions has not yet been fully confirmed. Funding rate +0.0050%; shorts are temporarily supported at the fee-rate level. 24h trading volume is 94.7834 million; liquidity is good, but it is not enough to prove on its own that the selloff will accelerate.
Plan: Open a short on UAIUSDT
Entry: 0.31922 - 0.32998
Stop loss: 0.34689
Target 1: 0.30077
Target 2: 0.29001
Target 3: 0.27618
UAI ranks #10 on Binance Alpha; Alpha 24h is -11.15%, and the contract 24h is -10.89%. The drawdown on the Alpha side is slightly deeper than on the contract side, and there has not yet been any obvious additional amplification on the contract side. 4h drop is -2.76%, 1h drop is -1.37%. The short-term decline is smaller than the swing decline, and short momentum has slowed somewhat. This strategy is better suited to waiting for a price retracement into the 0.31922 - 0.32998 range and executing after confirmation of rejection; it is not advisable to chase a short directly below the range. Risk rating: Medium.
Invalidation condition: If the 1-hour close is above 0.34689, the short structure fails; cancel the three downside targets and downgrade the strategy rating.
Click here to place an order $UAI 👇
Plan: Open a short on UAIUSDT
Entry: 0.31922 - 0.32998
Stop loss: 0.34689
Target 1: 0.30077
Target 2: 0.29001
Target 3: 0.27618
UAI ranks #10 on Binance Alpha; Alpha 24h is -11.15%, and the contract 24h is -10.89%. The drawdown on the Alpha side is slightly deeper than on the contract side, and there has not yet been any obvious additional amplification on the contract side. 4h drop is -2.76%, 1h drop is -1.37%. The short-term decline is smaller than the swing decline, and short momentum has slowed somewhat. This strategy is better suited to waiting for a price retracement into the 0.31922 - 0.32998 range and executing after confirmation of rejection; it is not advisable to chase a short directly below the range. Risk rating: Medium.
Invalidation condition: If the 1-hour close is above 0.34689, the short structure fails; cancel the three downside targets and downgrade the strategy rating.
Click here to place an order $UAI 👇