260.3u: The sharks are putting intense pressure on the Long side right near the 260u support.
Derivatives data:
• Top Trader L/S: 3.67 (78.6% of big players are accumulating Long positions).
• Derivatives OI: 60.8M USDT, tightly compressed around the 24h low.
• Funding rate: 0.0000% (perfectly balanced, volatility may be about to explode).
Scenario: Wait for the MM to sweep the wicks and flush below 255u, shaking out impatient leveraged traders, before snapping back up to 275u. Place limit orders to scoop in the 252–255u zone; absolutely do not FOMO into resistance right now.
Are you joining the sharks and accumulating Long, or waiting for a break below 250u to enter?
#Bittensor #Crypto #Trading #BinanceSquare
Derivatives data:
• Top Trader L/S: 3.67 (78.6% of big players are accumulating Long positions).
• Derivatives OI: 60.8M USDT, tightly compressed around the 24h low.
• Funding rate: 0.0000% (perfectly balanced, volatility may be about to explode).
Scenario: Wait for the MM to sweep the wicks and flush below 255u, shaking out impatient leveraged traders, before snapping back up to 275u. Place limit orders to scoop in the 252–255u zone; absolutely do not FOMO into resistance right now.
Are you joining the sharks and accumulating Long, or waiting for a break below 250u to enter?
#Bittensor #Crypto #Trading #BinanceSquare