Let’s talk about the move just now in $SOXLB : +3.31% in 5 minutes.
After a pump, leveraged long positions usually pile in too. If the funding rate gets too high, watch out for longs getting caught in a reversal. I have a habit of noting down moves like this when I spot them, then checking back a few hours later to see how they played out.
#SOXLB
After a pump, leveraged long positions usually pile in too. If the funding rate gets too high, watch out for longs getting caught in a reversal. I have a habit of noting down moves like this when I spot them, then checking back a few hours later to see how they played out.
#SOXLB