$TSLA 358.73, down just 0.98% over the past 24 hours. That’s a pretty modest drop for a tokenized U.S. stock, but things are clearly getting rough in the futures market—the funding rate has turned negative, longs are cutting their losses and getting out, and shorts aren’t daring to add to their positions either. Both sides are waiting for the other to make the first move.
My take: 355 is the dividing line between bulls and bears in this move. If it holds, there’s still room for this to play out. If it breaks, I’ll cut my position in half. No need to get stubborn.
I just placed a limit order to go long at 356. It hasn’t filled, so I’m leaving it open. I haven’t touched my core position at all. If you rode out that last sharp drop, there’s no reason to panic over a little red candle like this.
#TokenizedUSStocks
My take: 355 is the dividing line between bulls and bears in this move. If it holds, there’s still room for this to play out. If it breaks, I’ll cut my position in half. No need to get stubborn.
I just placed a limit order to go long at 356. It hasn’t filled, so I’m leaving it open. I haven’t touched my core position at all. If you rode out that last sharp drop, there’s no reason to panic over a little red candle like this.
#TokenizedUSStocks