$NMR This line hasn't finished yet; behind the 14.6% surge, the fee rate has been pushed down to an annualized -67%. The long/short books were already calculated as imbalanced long ago.
Looking at volume and price: the $44.33M turnover isn't large, but it's the path from the bottom $9.669 up to $NMR .151. There's nothing wrong with a volume-backed rally—the key is that around the $NMR .949 prior high there wasn't much volume. That suggests fewer people are chasing it, and big money is waiting here for a pullback to collect.
When it rallies to the prior resistance with declining volume, the longs didn't get enough shares and stopped—that's a dangerous signal.
Set the stop-loss below $9.669 and $9.450. If it breaks, it means this breakout bullish candle is a bull trap. First, watch whether the retracement to $NMR .300 can hold. If it holds, the next target is to test the $NMR .949 prior high; if it breaks, then you can go for $NMR .200—losing $1.7 to make $2. Worth considering, but not cheap.
The real focus is the fee line: for every 100U, every 8 hours you lose 0.10U. The shorts are basically paying to keep themselves alive. Whoever can't stand the cost first will be the first to run.
Calculate it for your own position: how much you could lose, that's how much you'd need to swap—only after passing this test decide whether to keep moving or not.
#NMR
Looking at volume and price: the $44.33M turnover isn't large, but it's the path from the bottom $9.669 up to $NMR .151. There's nothing wrong with a volume-backed rally—the key is that around the $NMR .949 prior high there wasn't much volume. That suggests fewer people are chasing it, and big money is waiting here for a pullback to collect.
When it rallies to the prior resistance with declining volume, the longs didn't get enough shares and stopped—that's a dangerous signal.
Set the stop-loss below $9.669 and $9.450. If it breaks, it means this breakout bullish candle is a bull trap. First, watch whether the retracement to $NMR .300 can hold. If it holds, the next target is to test the $NMR .949 prior high; if it breaks, then you can go for $NMR .200—losing $1.7 to make $2. Worth considering, but not cheap.
The real focus is the fee line: for every 100U, every 8 hours you lose 0.10U. The shorts are basically paying to keep themselves alive. Whoever can't stand the cost first will be the first to run.
Calculate it for your own position: how much you could lose, that's how much you'd need to swap—only after passing this test decide whether to keep moving or not.
#NMR