$SOXS in the past 24 hours fell nearly 11%, and the price is at 31.96. Now the funding rate is still positive at 0.00026. The longs are adding to positions while in a losing area, which makes this structure very likely to trigger a chain reaction of long stop-loss orders.
My view is that it will continue to move lower. Only when the funding rate and price move in the same (negative) direction is it a stabilization signal. This combination means the downside momentum hasn’t been fully released yet.
Trade direction: short. Use 5x leverage. Set stop-loss at 33.5 and take-profit at the 30 integer level. Position size: 10%. If it breaks below 30, move the stop-loss to breakeven.
Trading tag: #TradFi #链上美股 #SOXS
Where do you think this set of assumptions is most likely to be wrong?
My view is that it will continue to move lower. Only when the funding rate and price move in the same (negative) direction is it a stabilization signal. This combination means the downside momentum hasn’t been fully released yet.
Trade direction: short. Use 5x leverage. Set stop-loss at 33.5 and take-profit at the 30 integer level. Position size: 10%. If it breaks below 30, move the stop-loss to breakeven.
Trading tag: #TradFi #链上美股 #SOXS
Where do you think this set of assumptions is most likely to be wrong?