$SNOW 24 hours drops 5.159%, quoted at 355.35. The funding rate is back to zero, with open interest at 5380. Political tension usually benefits defense stocks, but SNOW, as a tech stock, is being dragged down by liquidity. A funding rate of 0 indicates that longs and shorts are temporarily balanced, with no panic liquidation.
The price dip is a sector rotation, not a deterioration in fundamentals. If the geopolitical situation escalates further, the market may reprice safe-haven assets, and selling pressure on tech stocks could intensify.
Try a small long position near 350, set a stop-loss at 340, and look for a rebound toward 365.
Trading tag: #TradFi #链上美股 #SNOW
Where do you think this thesis is most likely to be wrong?
The price dip is a sector rotation, not a deterioration in fundamentals. If the geopolitical situation escalates further, the market may reprice safe-haven assets, and selling pressure on tech stocks could intensify.
Try a small long position near 350, set a stop-loss at 340, and look for a rebound toward 365.
Trading tag: #TradFi #链上美股 #SNOW
Where do you think this thesis is most likely to be wrong?