$RDDT 24 In a 24-hour decline of 4.43%, the current price is 146.48. The funding rate is stuck at 0. Although the price is falling, the shorts aren’t rushing in to collect—this suggests the drop lacks panic selling. It looks more like a slow, creeping decline.
I think this stock still needs to go lower in the short term. My reasons: when the funding rate is 0, both long and short sides pay no cost. Holding 2,777 shares isn’t especially heavy, but a steady downward drift will slowly wear down longs’ patience. Recently, there hasn’t been any clear positive catalyst. In the U.S. stock futures market, sentiment toward that sector is overall weak. Stocks like $RDDT , which don’t have a compelling story, are the easiest to get sidelined.
The strongest counter-argument: if the price has been ranging and consolidating for a long time in the 140–150 area, it’s possible that institutions have been accumulating. Once it rebounds back above 150 on increasing volume, the short structure would be disrupted.
Who would be forced to act? Right now, holders of the long side are the most uncomfortable. If they don’t exit, they have to endure time decay and the creeping decline; if they do exit, they may sell near the lows. Liquidity will likely continue to move from this trendless kind of asset toward more volatile coins.
Invalidation condition: if the price breaks above 150 with volume and holds for more than 30 minutes, I’ll cut my loss and exit.
Action: short at the current price of 146.48 with 3x leverage. Stop-loss at 150, take-profit at 138, with position size 20%. If it breaks below 140, increase the position to 30%.
Trading tag: #TradFi #链上美股 #RDDT
Where do you think this set of judgments is most likely to be wrong?
I think this stock still needs to go lower in the short term. My reasons: when the funding rate is 0, both long and short sides pay no cost. Holding 2,777 shares isn’t especially heavy, but a steady downward drift will slowly wear down longs’ patience. Recently, there hasn’t been any clear positive catalyst. In the U.S. stock futures market, sentiment toward that sector is overall weak. Stocks like $RDDT , which don’t have a compelling story, are the easiest to get sidelined.
The strongest counter-argument: if the price has been ranging and consolidating for a long time in the 140–150 area, it’s possible that institutions have been accumulating. Once it rebounds back above 150 on increasing volume, the short structure would be disrupted.
Who would be forced to act? Right now, holders of the long side are the most uncomfortable. If they don’t exit, they have to endure time decay and the creeping decline; if they do exit, they may sell near the lows. Liquidity will likely continue to move from this trendless kind of asset toward more volatile coins.
Invalidation condition: if the price breaks above 150 with volume and holds for more than 30 minutes, I’ll cut my loss and exit.
Action: short at the current price of 146.48 with 3x leverage. Stop-loss at 150, take-profit at 138, with position size 20%. If it breaks below 140, increase the position to 30%.
Trading tag: #TradFi #链上美股 #RDDT
Where do you think this set of judgments is most likely to be wrong?