$EPIC
Down about −12.5% in a day, while the funding rate is still around +0.24%—longs are paying up, so don’t buy the dip just yet.
Current price: about 0.238; 24h high: about 0.311, low: about 0.232.
Open interest notional: down about 8%; funding rate for this settlement: about +0.24%.
Bias: Lean bearish and wait; reconsider buying the dip once the funding rate cools.
Aggressive: Try a small short on a rebound to 0.255–0.260, with a stop at 0.275 (about +6%); first target: 0.232.
Conservative: Consider a small long only if the funding rate falls below 0.10% and price holds above 0.235, with a stop at 0.225 (about −4%); first target: 0.255.
Which comes first: a break below 0.232 or a move to 0.255?
Note: This analysis is for reference only and does not constitute investment advice!
#EPIC #Funding Rate
Down about −12.5% in a day, while the funding rate is still around +0.24%—longs are paying up, so don’t buy the dip just yet.
Current price: about 0.238; 24h high: about 0.311, low: about 0.232.
Open interest notional: down about 8%; funding rate for this settlement: about +0.24%.
Bias: Lean bearish and wait; reconsider buying the dip once the funding rate cools.
Aggressive: Try a small short on a rebound to 0.255–0.260, with a stop at 0.275 (about +6%); first target: 0.232.
Conservative: Consider a small long only if the funding rate falls below 0.10% and price holds above 0.235, with a stop at 0.225 (about −4%); first target: 0.255.
Which comes first: a break below 0.232 or a move to 0.255?
Note: This analysis is for reference only and does not constitute investment advice!
#EPIC #Funding Rate