$NBIS 24 hours down 4.57%, quoted at 196.5, but the funding rate is still positive at 0.00014474. This combination feels off. In a downtrend, longs are still paying fees—classic case of longs getting trapped and averaging down.
Open interest is 106,745 contracts, sitting there. A positive funding rate means long sentiment hasn’t dispersed, but the price keeps moving lower—so longs are essentially hard-holding. With this kind of structure, once the price probes lower again, the people holding through it are prone to a chain reaction of liquidations, pushing the price even deeper.
I’m opening a short position directly, with 5x leverage. I set the stop-loss just above the 200 integer level, where the most concentrated trading area is. If that level breaks, it means the long-side counterattack is valid. Take profit at 180, at the next key support. I’ll use 15% position size here—the risk-reward ratio is reasonable. If I’m wrong, the stop-loss won’t cause major damage.
If the price can quickly reclaim 200 and hold above it, my short thesis would be invalid. I would first close half to reduce losses.
Trading tag: #TradFi #链上美股 #NBIS
Where do you think this judgment is most likely to be wrong?
Open interest is 106,745 contracts, sitting there. A positive funding rate means long sentiment hasn’t dispersed, but the price keeps moving lower—so longs are essentially hard-holding. With this kind of structure, once the price probes lower again, the people holding through it are prone to a chain reaction of liquidations, pushing the price even deeper.
I’m opening a short position directly, with 5x leverage. I set the stop-loss just above the 200 integer level, where the most concentrated trading area is. If that level breaks, it means the long-side counterattack is valid. Take profit at 180, at the next key support. I’ll use 15% position size here—the risk-reward ratio is reasonable. If I’m wrong, the stop-loss won’t cause major damage.
If the price can quickly reclaim 200 and hold above it, my short thesis would be invalid. I would first close half to reduce losses.
Trading tag: #TradFi #链上美股 #NBIS
Where do you think this judgment is most likely to be wrong?