$MINA When price is being bid up and I withdraw my positions, I’m bearish but I don’t chase shorts: 03:30—05:00 the price was raised from about 0.1202 to a peak around 0.1315, then it fell back to around 0.1262 to digest; over the past 12 hours my position is about -16.0%, fees about -0.041%. The price is being pushed up, but the position is still being reduced—this looks more like trimming/re-entering than adding to a primary upswing. Across the whole market, accounts are net long about 62%, and large accounts about 63%, but large accounts’ positions are only about 54% long—so the accounts aren’t extremely skewed; the position side is a bit more bearish. Spot daily volume is about 5.6M, and contracts about 33.8M, relatively thin. Don’t short aggressively at the rebound highs, and don’t chase longs catching a falling knife.
Before joining, first watch the rebound: 0.1280—0.1300 can hold pressure; the short-side structure is still there. Extend the view for a pullback to 0.1230—0.1245. If the 1-hour candle reclaims 0.1315, then this round of position reduction should be downgraded.
#MINA #合约 #持仓 #short-term
Before joining, first watch the rebound: 0.1280—0.1300 can hold pressure; the short-side structure is still there. Extend the view for a pullback to 0.1230—0.1245. If the 1-hour candle reclaims 0.1315, then this round of position reduction should be downgraded.
#MINA #合约 #持仓 #short-term
