$STG .1432 was hit down to 0.1225, a drop of 13 points, but the fee rate is still stuck at a deep negative value of -0.0494%—it’s not surprising that shorts are collecting the funding, but it shows that after this dump, there weren’t many buyers stepping in to take the other side. For every 100U, you’re paying an annualized cost of 0.15U per day that’s essentially “topping up” the short’s funding. That works out to -41.8% per year—an airdrop is collecting protection money in real cash.
With volume of 98.27 million contracts and total turnover of only 12.25 million U, a bunch of trapped longs were stacked around an average price near 0.0125. The key level is pinned between 0.1177, the day’s low, and 0.1300, the round-number barrier—if the first breaks, it suggests the bears will keep pounding lower; if the second holds, there’s still room for a tug-of-war.
Set your stop loss below 0.1150. First, see whether 0.1300 can be reclaimed, aiming for a bounce to 0.1380. Once 0.1177 is lost, the next likely support/landing spot is around 0.1050.
If we follow your usual rhythm—place orders + set stop loss + confirm take-profit—this window can hold at most 20 minutes. Is that enough time for you to clear this position? If not, don’t force it.
#STG
With volume of 98.27 million contracts and total turnover of only 12.25 million U, a bunch of trapped longs were stacked around an average price near 0.0125. The key level is pinned between 0.1177, the day’s low, and 0.1300, the round-number barrier—if the first breaks, it suggests the bears will keep pounding lower; if the second holds, there’s still room for a tug-of-war.
Set your stop loss below 0.1150. First, see whether 0.1300 can be reclaimed, aiming for a bounce to 0.1380. Once 0.1177 is lost, the next likely support/landing spot is around 0.1050.
If we follow your usual rhythm—place orders + set stop loss + confirm take-profit—this window can hold at most 20 minutes. Is that enough time for you to clear this position? If not, don’t force it.
#STG