In $POWER 24 hours it dropped 23%, but the funding rate is -0.1682%—for every 8 hours a short stays open, they actually have to pay the longs. Who’s holding the line and not leaving?
Right after the shorts just smashed a 23% drop, the funding rate was pushed as low as -0.1682%, meaning the short positions are crowded enough that they need a hefty subsidy to keep people there. The position size likely hasn’t truly cleared yet. This sell-off didn’t force the shorts out—it only shook the floating shares loose. The shorts holding positions are the fuel for the next bearish candle.
The data is clear: intraday key resistance is at $0.165 (the previous broken high becomes resistance). First look for support at $0.127 (today’s low). Put the stop-loss below $0.120. For a rebound, first take profit around $0.185; only if price can hold above it should you go for $0.208. The daily cost per 100U is about -0.50%, and the shorts are still paying to maintain their positions—do they genuinely believe in a rebound, or are they just trapped?
#POWER
Right after the shorts just smashed a 23% drop, the funding rate was pushed as low as -0.1682%, meaning the short positions are crowded enough that they need a hefty subsidy to keep people there. The position size likely hasn’t truly cleared yet. This sell-off didn’t force the shorts out—it only shook the floating shares loose. The shorts holding positions are the fuel for the next bearish candle.
The data is clear: intraday key resistance is at $0.165 (the previous broken high becomes resistance). First look for support at $0.127 (today’s low). Put the stop-loss below $0.120. For a rebound, first take profit around $0.185; only if price can hold above it should you go for $0.208. The daily cost per 100U is about -0.50%, and the shorts are still paying to maintain their positions—do they genuinely believe in a rebound, or are they just trapped?
#POWER