If you want to enter a trade in $FIL , you should know this ๐๐
The reason $FIL is rising is that the end of its vesting period is approaching.
This event will reduce the coinโs annual issuance by 75%.
That means a sharp drop in the coinโs annual inflation rate.
The price has broken through the resistance zone and its recent high at 1.23.
Open interest is rising, which means more contracts are being opened alongside the price movement.
A positive funding rate means buyers are in control and are paying short-position holders.
So? ๐
A drop toward 1.2 / 1.19 / 1.15 is expected.
Heavy crowding in long positions is one reason a correction is possible.
The reason $FIL is rising is that the end of its vesting period is approaching.
This event will reduce the coinโs annual issuance by 75%.
That means a sharp drop in the coinโs annual inflation rate.
The price has broken through the resistance zone and its recent high at 1.23.
Open interest is rising, which means more contracts are being opened alongside the price movement.
A positive funding rate means buyers are in control and are paying short-position holders.
So? ๐
A drop toward 1.2 / 1.19 / 1.15 is expected.
Heavy crowding in long positions is one reason a correction is possible.