$SNDK current price 1794.51, up 1.98% in 24 hours, funding rate 0.00013652 positive, longs paying shorts. Rising price plus positive funding means long-side chasing costs are accumulating, which is a classic precursor to a top squeeze. openInterest 200739, unit not converted, but the funding rate points to crowded longs.
I am shorting. Parameters: direction short, 5x, stop loss 1830, take profit 1750, position size 1000 USDT for a test trade.
Trade tag: #TradFi #链上美股 #SNDK
Where do you think this set of judgments is most likely wrong?
I am shorting. Parameters: direction short, 5x, stop loss 1830, take profit 1750, position size 1000 USDT for a test trade.
Trade tag: #TradFi #链上美股 #SNDK
Where do you think this set of judgments is most likely wrong?