$EPIC Today this move is a bit against conventional sense—up 26 points, yet the funding rate is only 0.0050%. The bulls aren’t burning money to push the rally.
What does it mean? The rally is being bought with real money, not artificially inflated by paying the shorts to “fill the gaps.” A total trading volume of 31.65 million shares piled up today, with trading value of 13.38 million; turnover is more than double yesterday.
0.3607 is the lowest point of this round’s launch. Now the price at 0.4599 is hugging the intraday high of 0.4615 as it moves, and the bulls clearly don’t want the chips to pull back. On the shorts’ side, since they didn’t raise the funding rate, it suggests they also don’t plan to hard-carry. Instead, the short side is in a wait-and-see mode.
Set a stop loss below 0.3607. If it breaks below that level, it’s a fake breakout. First, see whether 0.5300—an obvious round-number level—can be held. If it clears that, then look toward 0.6200. Is it worth it? Risking -0.10 to potentially gain +0.21—run the math with your own position size.
#EPIC
What does it mean? The rally is being bought with real money, not artificially inflated by paying the shorts to “fill the gaps.” A total trading volume of 31.65 million shares piled up today, with trading value of 13.38 million; turnover is more than double yesterday.
0.3607 is the lowest point of this round’s launch. Now the price at 0.4599 is hugging the intraday high of 0.4615 as it moves, and the bulls clearly don’t want the chips to pull back. On the shorts’ side, since they didn’t raise the funding rate, it suggests they also don’t plan to hard-carry. Instead, the short side is in a wait-and-see mode.
Set a stop loss below 0.3607. If it breaks below that level, it’s a fake breakout. First, see whether 0.5300—an obvious round-number level—can be held. If it clears that, then look toward 0.6200. Is it worth it? Risking -0.10 to potentially gain +0.21—run the math with your own position size.
#EPIC