You’re opening Long positions at $XRP
Be careful, because you may be liquidated soon 👀👇
Funding rates and open interest are showing me that many Long positions are being opened right now.
The funding rate rose from 0.0007 to 0.0011.
Open interest keeps rising with every dip, indicating that new positions are being opened with every rebound.
A Long trap, exactly like the previous one, with the same price action.
So, what’s the next move? 👇
We could see a drop toward: 1.34/1.33/1.32
To put more pressure on Long positions and liquidate them, or force them to close their positions.
Be careful, because you may be liquidated soon 👀👇
Funding rates and open interest are showing me that many Long positions are being opened right now.
The funding rate rose from 0.0007 to 0.0011.
Open interest keeps rising with every dip, indicating that new positions are being opened with every rebound.
A Long trap, exactly like the previous one, with the same price action.
So, what’s the next move? 👇
We could see a drop toward: 1.34/1.33/1.32
To put more pressure on Long positions and liquidate them, or force them to close their positions.