$MINA Is it still possible to get in and chase the short???
This altcoin has been in a sustained downtrend for two consecutive days, with no obvious signs of a rebound. Current on-chain data indicates that the market maker hasn’t finished selling off its holdings, and funds are continuing to flow out. Jie thinks that once the price breaks below the 0.1 support level, the next downtrend will accelerate. The current funding rate is -0.2%, which means short positions have to pay long positions at each settlement. The longer you hold a short position, the more passive you become. As soon as the price stops falling, short covering could drive it back up. $LYN
Jie’s advice: Don’t rush to chase the short just yet. You can wait for a rebound and then look for an entry point to open a short position!
Jie will continue to monitor market movements, and the next trading moves will be announced promptly in the chat room. If you want to get the latest information ahead of time, Jie will be waiting for you in the chat room. $RLC
#BinanceLaunchesBinanceIntelligence #StrategyMarketCapSurpassesRumble
This altcoin has been in a sustained downtrend for two consecutive days, with no obvious signs of a rebound. Current on-chain data indicates that the market maker hasn’t finished selling off its holdings, and funds are continuing to flow out. Jie thinks that once the price breaks below the 0.1 support level, the next downtrend will accelerate. The current funding rate is -0.2%, which means short positions have to pay long positions at each settlement. The longer you hold a short position, the more passive you become. As soon as the price stops falling, short covering could drive it back up. $LYN
Jie’s advice: Don’t rush to chase the short just yet. You can wait for a rebound and then look for an entry point to open a short position!
Jie will continue to monitor market movements, and the next trading moves will be announced promptly in the chat room. If you want to get the latest information ahead of time, Jie will be waiting for you in the chat room. $RLC
#BinanceLaunchesBinanceIntelligence #StrategyMarketCapSurpassesRumble
