$IOST
Down about −10.0%, funding rate around −1.09%—shorts are paying an absurd amount; don’t try to catch the falling knife yet.
Current price around 0.000955; open interest is up about 24%, with positions still piling up; funding rate around −1.09%.
Direction: Don’t try to catch the falling knife yet; wait for the selling to slow before entering.
Aggressive: Try a small long on a pullback near 0.00090, with a stop-loss at 0.00086 (about −4.4%); initial target: 0.00098.
Conservative: Wait for a confirmed bottom around 0.00086 before entering, with a stop-loss at 0.00082 (about −4.7%); target around 0.00092.
Will 0.00090 get hit first, or will price reach 0.00100 first?
Note: This analysis is for reference only and does not constitute investment advice!
#IOST #FundingRate
Down about −10.0%, funding rate around −1.09%—shorts are paying an absurd amount; don’t try to catch the falling knife yet.
Current price around 0.000955; open interest is up about 24%, with positions still piling up; funding rate around −1.09%.
Direction: Don’t try to catch the falling knife yet; wait for the selling to slow before entering.
Aggressive: Try a small long on a pullback near 0.00090, with a stop-loss at 0.00086 (about −4.4%); initial target: 0.00098.
Conservative: Wait for a confirmed bottom around 0.00086 before entering, with a stop-loss at 0.00082 (about −4.7%); target around 0.00092.
Will 0.00090 get hit first, or will price reach 0.00100 first?
Note: This analysis is for reference only and does not constitute investment advice!
#IOST #FundingRate