Panic-selling is running faster than the stop-loss orders. $Q In one line, it was dumped from 0.0574 down to 0.0265—within 24 hours it fell 36.76%, with trading volume of 357 million, which shows this isn’t a slow, low-volume decline; it’s real money liquidation, with players getting forced out.
The short side is dominating too obviously—funding rate is -0.1121%. For every 100U, the cost over 8 hours is -0.11U, with a dailyized rate of -0.34%. Under this kind of fee environment, the shorts’ positions are effectively “paying rent” to the exchange, indicating that those betting on further downside are willing to pay high costs to maintain their positions, and the balance of power between longs and shorts is severely skewed. But on the flip side, the more extreme the funding, the stronger the short-covering momentum during a rebound.
The key numbers are there—do the math yourself: current price is 0.02799, and the stop-loss is set at 0.0265, below the low. If it breaks, it means this leg of the selloff hasn’t bottomed yet. For overhead resistance, first look at 0.0380—that’s the 0.618 retracement level of this drop. After that, watch 0.0450. Work out the risk-reward ratio yourself using a calculator.
🟢 Run the three numbers through your own account math, and after that you’ll know whether this trade is worth taking action.
#Q
The short side is dominating too obviously—funding rate is -0.1121%. For every 100U, the cost over 8 hours is -0.11U, with a dailyized rate of -0.34%. Under this kind of fee environment, the shorts’ positions are effectively “paying rent” to the exchange, indicating that those betting on further downside are willing to pay high costs to maintain their positions, and the balance of power between longs and shorts is severely skewed. But on the flip side, the more extreme the funding, the stronger the short-covering momentum during a rebound.
The key numbers are there—do the math yourself: current price is 0.02799, and the stop-loss is set at 0.0265, below the low. If it breaks, it means this leg of the selloff hasn’t bottomed yet. For overhead resistance, first look at 0.0380—that’s the 0.618 retracement level of this drop. After that, watch 0.0450. Work out the risk-reward ratio yourself using a calculator.
🟢 Run the three numbers through your own account math, and after that you’ll know whether this trade is worth taking action.
#Q