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🔁 Yesterday’s recap
The CHIP long reached Target 1 after triggering, with a maximum unrealized profit of 10.43%; it’s still up 8.15%. The ORDER short hit its stop loss after triggering, but the price later pulled back and is now 8.74% below where it was when selected.
Q, which we’re only watching and not trading, can drop as much as 74.91% in a day. Over the past 30 days, 11 trades have closed: 5 reached Target 1 and 6 hit their stop losses.
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📊 Market overview
Today I’m taking one long and one short with small positions, prioritizing HUMA. BTC is up 0.91% from the previous update, but the 1-hour taker buy/sell ratio is only 0.8, with more selling than buying, so the rebound is weak.
BTC is currently at 80,831, near the lower end of its 7-day range—29% of the way up from the bottom. Above 80,920, watch the 24-hour high at 81,271; below 80,413, watch 80,059, then 79,685.
The percentage of traders who are long is 67.3%, down from 69.4% a day ago. Top traders’ long positions are 66.6%, and the funding rate is 0.0054%. The share of long traders is falling, but they still make up two-thirds, so longs are more crowded than shorts.
ETH is currently at 2,348, and the percentage of traders who are long has fallen from 77.2% to 75.4%. Above 2,357, watch 2,364; below 2,339, watch 2,317.
Of 63 altcoins, 67% are up, compared with 63% in the previous update; 7 are up more than 20%. The average funding rate for the top 50 coins is -0.0079%, indicating slightly more shorts than longs.
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🟢 Long HUMA
Up 12.8% in 24 hours, with open interest up 10.8% over the same period and trading volume at $98 million. It has now pulled back 10.5% from the 24-hour high of 0.02866. Over the past 3 hours, volume has been less than one-fifth of normal, with little selling during the pullback.
0.02478 was where the previous pullback found support, so the entry zone is set around that level. The percentage of traders who are long is 37.8%, while top traders’ long positions are 77.5%—retail is leaning short, while larger traders are leaning long.
I couldn’t find any clear news from the past 48 hours; the move appears to be mainly driven by capital flows. According to CoinMarketCap, a batch of team and investor tokens will be unlocked on November 26.
▸ Entry: 0.02434 - 0.02522
▸ Stop loss: 0.022874 (about -7.7%)
▸ Targets: 0.027639 / 0.030498
HUMA’s average 1-hour volatility is 5.72%. Cancel this trade if BTC falls below 80,059.
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🔴 Short BTW
Up 45.2% in 24 hours, with open interest up 53.3%. Open interest fell 2.0% in the past hour, and the price has pulled back 4.3% from the high of 1.8253. I couldn’t find any clear news; the move appears to be mainly driven by capital flows.
1.8253 was the 24-hour high, and the entry prices of longs opened near the top are all below it. If the rebound fails to reach this level, those longs may be stopped out, accelerating the pullback.
The percentage of traders who are long fell from 49.2% to 39.6% in a day. There are already plenty of shorts, and short covering could trigger a sharp rally, so BTW ranks behind HUMA.
▸ Entry: 1.7644 - 1.8173
▸ Stop loss: 1.9055 (about +6.4%)
▸ Targets: 1.619 / 1.4471
A high-volume breakout above 1.8253 set a new high. BTW short canceled.
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👀 Watch only, no trade: AIN
Up 121% in 24 hours, with open interest up 149% in a day and price 15% above the 20-period moving average. The funding rate is 0.104%, meaning longs are paying a high fee. Chasing longs is costly, while shorts risk a sharp squeeze, so I’m staying out.
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📌 Execution
After Target 1 is reached, move the stop loss to the entry price.
Place HUMA orders between 0.02434 and 0.02522, and BTW orders between 1.7644 and 1.8173. Don’t enter if the price doesn’t reach the entry zone.
⚠️ Perpetual contracts are highly volatile. The above is a screening result and a conditional-order strategy, not investment advice.