Could this rally $UNITREE push back above 100?
I've been keeping an eye on Yushu for a while, but ever since it launched, it has been on a steady decline. The bears have been nailing their entries and taking profits successfully, catching several swings along the way.
Yushu has been on fire this time, surging from 74.24 to 94.99. Will it break above 100 this time?
This time, hype around the AI robotics sector has helped drive Yushu sharply higher. A huge breakout on strong volume is extremely rare, but this time it has happened in the robotics sector, sending Yushu close to triple digits. The robotics sector is finally picking up, too. On top of that, the funding rate is negative, meaning short sellers are paying long holders. Looking at the smart money, the bulls are still in control.
My personal trading suggestion: Don't blindly short just because the price has risen a lot or the funding rate is negative. In a strong short squeeze, shorting against the trend is like trying to stop a chariot with your bare arms. The bears are getting squeezed, so you could wait on the sidelines for now and enter later when a suitable price point comes along.
[The views above are for personal reference only and do not constitute investment advice.]
#比特币突破8.2万美元
I've been keeping an eye on Yushu for a while, but ever since it launched, it has been on a steady decline. The bears have been nailing their entries and taking profits successfully, catching several swings along the way.
Yushu has been on fire this time, surging from 74.24 to 94.99. Will it break above 100 this time?
This time, hype around the AI robotics sector has helped drive Yushu sharply higher. A huge breakout on strong volume is extremely rare, but this time it has happened in the robotics sector, sending Yushu close to triple digits. The robotics sector is finally picking up, too. On top of that, the funding rate is negative, meaning short sellers are paying long holders. Looking at the smart money, the bulls are still in control.
My personal trading suggestion: Don't blindly short just because the price has risen a lot or the funding rate is negative. In a strong short squeeze, shorting against the trend is like trying to stop a chariot with your bare arms. The bears are getting squeezed, so you could wait on the sidelines for now and enter later when a suitable price point comes along.
[The views above are for personal reference only and do not constitute investment advice.]
#比特币突破8.2万美元