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🔁 Yesterday in Review
The AKE short reached Target 1, then exited at the entry price, with a maximum unrealized profit of 10.64%. The DOS long was stopped out after triggering; after the stop-out, the price went on to rise 5.43% above its level when selected. JCT, which I only watched and didn’t trade, rose as much as 18.64% and fell as much as 16.03% during the day. It’s now 11.91% below its level when selected.
7 trades have settled in the past 30 days: 3 reached Target 1, and 4 were stopped out.
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📊 Today's Market Overview
Today I’m placing only two pullback long orders, with ENA as the priority, using small positions. BTC is currently at 80,122, down 0.86% from the previous reading. It’s near the lower end of its 7-day range, just 17% up from the bottom, and less than 1,000 points above the 7-day low of 79,179.
Above 80,602, watch 80,890 and 81,470; below the 24-hour low of 79,809, a retest of 79,179 is likely.
Long positions account for 68.2% of traders, unchanged from a day ago. Large traders’ long positions are at 62.1%, 6 percentage points below retail traders’. The funding rate is 0.0017%, and the 1-hour taker buy/sell ratio is 1.09, indicating slightly more buying.
ETH is currently at 2,329. The percentage of traders holding longs has fallen from 77.2% to 76.7%, and the taker buy/sell ratio is 1.33. Above 2,343, watch 2,364; below 2,307, watch 2,281.
Of 56 altcoins, 34% are up, compared with 31% in the previous period. The median gain is -0.77%, and the average funding rate for the top 50 coins is -0.0327%, meaning shorts are paying. The broader market has no clear direction, so I’m only selecting coins rising against the trend and currently pulling back.
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🟢 Long ENA
Up 6.0% in 24 hours, with open interest up 13.7% over the same period. Trading volume is $258 million, making it the more liquid of today’s two candidates. According to TokenPost, ENA rose 4.46% in one hour on October 25, while all liquidations across three exchanges during that hour were short positions, totaling about $120,000. I found no clear project-related news; the move appears to be mainly driven by capital flows.
The current price is just 2.2% below the 24-hour high of 0.21154, with 0.2089 as the first resistance to clear. During this rally, several pullbacks found support around 0.20145, so the entry zone is set just below that level. Long positions account for 61.8% of traders, while large traders’ long positions are at 60.7%. The gap is small, and longs don’t look crowded.
▸ Entry: 0.20024–0.20267
▸ Stop-loss: 0.19619 (about -2.6%)
▸ Targets: 0.20934 / 0.21724
If ENA falls below the 0.19838 support level during its pullback, cancel the limit order.
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🟢 Long BULLA
Up 7.8% in 24 hours, with open interest up 23.7% over the same period—about three times the rate of the price gain. Open interest has risen another 3.7% in the past hour. I found no clear news; the move appears to be mainly driven by capital flows.
Price has pulled back 7.1% from the 24-hour high of 0.09895. Trading volume over the past 3 hours is 1.78 times its usual level. Several pullbacks during the rally found support near the 1-hour moving average at 0.08895, so the entry zone is set around that level. The percentage of traders holding longs has fallen from 60.0% to 58.1%, while large traders’ long positions are at 52.6%, suggesting fewer traders are chasing the rally.
▸ Entry: 0.08812–0.08979
▸ Stop-loss: 0.08534 (about -4.1%)
▸ Targets: 0.09437 / 0.0998
Its average 1-hour volatility is 3.02%, 1.5 times ENA’s, and its stop-loss is wider, so the position size is smaller than ENA’s. If BTC drops below 79,809 first, I won’t enter BULLA.
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👀 Watching APR only, no trade
Up 44% in 24 hours, with open interest up 73.4% over the same period. But open interest has fallen 9.5% in the past hour, suggesting some longs are closing. The scan found no suitable entry, so I’m staying out.
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📌 Execution
After Target 1 is reached, move the stop-loss to the entry price.
Place limit orders for ENA at 0.20024–0.20267 and BULLA at 0.08812–0.08979. No trade if price doesn’t return to the entry zone.
⚠️ Perpetual contracts are highly volatile. The above reflects screening results and a conditional-order approach, and is not investment advice.