$EGLD I’m more bullish on this move, but I won’t chase near 5.7. The most interesting part isn’t how much it’s gone up—it's that Supernova doesn’t activate until 02:06 tomorrow morning. The good news hasn’t hit yet, but the shorts have already started paying the longs.
Over the last 2 hours, OI increased by 25.2%. The full 1-hour volume completed at 16:00 is 6.1x the prior hour. Spot is at 5.65, the contract mark is 5.60, and the contract is about 0.8% below spot (underpriced). The 8-hour funding rate is -0.0640%. Price is rising, positions are increasing, and the contract is still lagging behind spot—this isn’t a comfortable short setup. But leverage was stacked too fast before the event; once spot cools off, the pullback can be brutal.
At 17:00, this 15-minute candle already put volume and closed back above 5.55. If you want to participate, I only wait for a retest at 5.55–5.60 that doesn’t break down. If it puts out volume and closes again above 5.73, the short squeeze continues. If it drops back to 5.50 and OI falls in sync, first look at 5.36; if it loses 5.27 within an hour, the event trade thesis is invalid. Before the upgrade, are you betting on “pushing the squeeze further,” or “taking profits early”?#EGLD #MultiversX #多空博弈 #HotCoin
Over the last 2 hours, OI increased by 25.2%. The full 1-hour volume completed at 16:00 is 6.1x the prior hour. Spot is at 5.65, the contract mark is 5.60, and the contract is about 0.8% below spot (underpriced). The 8-hour funding rate is -0.0640%. Price is rising, positions are increasing, and the contract is still lagging behind spot—this isn’t a comfortable short setup. But leverage was stacked too fast before the event; once spot cools off, the pullback can be brutal.
At 17:00, this 15-minute candle already put volume and closed back above 5.55. If you want to participate, I only wait for a retest at 5.55–5.60 that doesn’t break down. If it puts out volume and closes again above 5.73, the short squeeze continues. If it drops back to 5.50 and OI falls in sync, first look at 5.36; if it loses 5.27 within an hour, the event trade thesis is invalid. Before the upgrade, are you betting on “pushing the squeeze further,” or “taking profits early”?#EGLD #MultiversX #多空博弈 #HotCoin
