$BIRB
Down about −12.7%, funding rate around −1.37%—shorts are paying an absurd amount, and open interest is still piling up. Don’t buy the dip just yet.
Current price: around 0.0547; open interest up about 243%; funding rate around −1.37%.
Bias: Don’t buy the dip just yet; wait for the selling to slow before entering.
Aggressive: Try a small long on a pullback near 0.052; stop-loss at 0.0495 (about −4.8%), with 0.058 as the first target.
Conservative: Wait for the price to stabilize around 0.050 before entering; stop-loss at 0.0475 (about −5.0%), with a target around 0.055.
Will 0.052 be reached first, or 0.058?
Reminder: This analysis is for reference only and does not constitute investment advice!
#BIRB #FundingRate
Down about −12.7%, funding rate around −1.37%—shorts are paying an absurd amount, and open interest is still piling up. Don’t buy the dip just yet.
Current price: around 0.0547; open interest up about 243%; funding rate around −1.37%.
Bias: Don’t buy the dip just yet; wait for the selling to slow before entering.
Aggressive: Try a small long on a pullback near 0.052; stop-loss at 0.0495 (about −4.8%), with 0.058 as the first target.
Conservative: Wait for the price to stabilize around 0.050 before entering; stop-loss at 0.0475 (about −5.0%), with a target around 0.055.
Will 0.052 be reached first, or 0.058?
Reminder: This analysis is for reference only and does not constitute investment advice!
#BIRB #FundingRate