$MRVL pulled it to 263.24, up 3.256% in 24 hours. This rally didn’t rely on funding fees; the fee rate is zero.
Here’s the single-signal read: longs didn’t pay fees, which suggests it isn’t fresh money aggressively pushing up. It looks more like a move driven by shorts covering.
The strongest counterargument is that new longs entering were masked by the zero-fee rate, but there’s no confirmation yet from a surge in OI.
Next, we need to see whether new longs step in to carry the momentum. If it’s only short covering, the drive will fade. If it breaks below 263.24, I’ll treat that as my invalidation—I won’t chase. I’ll wait for a pullback near 263.24 and then try a small long position.
Trading tag: #TradFi #链上美股 #MRVL
Where do you think this assessment is most likely to be wrong?
Here’s the single-signal read: longs didn’t pay fees, which suggests it isn’t fresh money aggressively pushing up. It looks more like a move driven by shorts covering.
The strongest counterargument is that new longs entering were masked by the zero-fee rate, but there’s no confirmation yet from a surge in OI.
Next, we need to see whether new longs step in to carry the momentum. If it’s only short covering, the drive will fade. If it breaks below 263.24, I’ll treat that as my invalidation—I won’t chase. I’ll wait for a pullback near 263.24 and then try a small long position.
Trading tag: #TradFi #链上美股 #MRVL
Where do you think this assessment is most likely to be wrong?