$WDC 24 hours down 5.09%, but the funding rate is still positive at 0.0004. Price is falling while the rate is positive—this suggests that longs are holding and adding to positions, which is a typical structure seen before contract liquidations.
From a political perspective there’s no new development, but the semiconductor sector is sensitive to expectations of policy changes. With this funding rate, longs are paying money every day, betting that the policy stance will reverse. If there’s no positive news, they won’t be able to hold and will have to cut positions.
I’m short. 3x, stop-loss at 430, take-profit at 390. Position size is 10%. If there’s a breakout above 430 on increased volume, I’ll accept the loss—because that would indicate the policy signal has changed.
Trading tag: #TradFi #链上美股 #WDC
Where do you think this judgment is most likely to be wrong?
From a political perspective there’s no new development, but the semiconductor sector is sensitive to expectations of policy changes. With this funding rate, longs are paying money every day, betting that the policy stance will reverse. If there’s no positive news, they won’t be able to hold and will have to cut positions.
I’m short. 3x, stop-loss at 430, take-profit at 390. Position size is 10%. If there’s a breakout above 430 on increased volume, I’ll accept the loss—because that would indicate the policy signal has changed.
Trading tag: #TradFi #链上美股 #WDC
Where do you think this judgment is most likely to be wrong?