$M
Up about +19.8% in one day, with open interest up around 41%—money is still piling in. Don’t chase at the current price; wait for a pullback.
Current price: about 0.916; 24h high: about 0.969, low: about 0.739; trading volume: about 16.89 million U. Funding rate: about +0.005%, so longs are paying a small fee.
Bias: After the sharp rally, don’t chase. Wait for a pullback before considering a long.
Aggressive: Try a small long on a pullback near 0.85, with a stop at 0.80 (about −5.9%). First target: the previous high at 0.969.
Conservative: Wait for price to stabilize around 0.80 before entering, with a stop at 0.74 (about −7.5%). Target: around 0.88.
Which would you choose: an aggressive try at 0.85, or waiting conservatively for 0.80?
Note: This analysis is for reference only and does not constitute investment advice!
#M #FuturesBuzz
Up about +19.8% in one day, with open interest up around 41%—money is still piling in. Don’t chase at the current price; wait for a pullback.
Current price: about 0.916; 24h high: about 0.969, low: about 0.739; trading volume: about 16.89 million U. Funding rate: about +0.005%, so longs are paying a small fee.
Bias: After the sharp rally, don’t chase. Wait for a pullback before considering a long.
Aggressive: Try a small long on a pullback near 0.85, with a stop at 0.80 (about −5.9%). First target: the previous high at 0.969.
Conservative: Wait for price to stabilize around 0.80 before entering, with a stop at 0.74 (about −7.5%). Target: around 0.88.
Which would you choose: an aggressive try at 0.85, or waiting conservatively for 0.80?
Note: This analysis is for reference only and does not constitute investment advice!
#M #FuturesBuzz