$Q Go long
Yesterday’s post said the bears were still in control and there could be another dip. It fell to 0.03518, then violently surged back to 0.0513—a 45% gain.
① Down 23.43% over 24 hours, at 43% of the range, and it’s already bounced off the bottom
② Funding rate flipped from -0.125% to +0.0368%—shorts are backing off
③ The 02:30 15-minute candle surged from 0.04598 to 0.0513, up 11.5% in one candle
④ There’s still 340 million in OI that hasn’t been closed
The short-covering rally is halfway through, and the funding rate has only just turned positive, which means more forced selling may still be on the way.
If the next 15-minute candle holds above 0.0498, the pullback is an entry point.
Do you think this is a bounce or a reversal? #Q #做多 #合约
Yesterday’s post said the bears were still in control and there could be another dip. It fell to 0.03518, then violently surged back to 0.0513—a 45% gain.
① Down 23.43% over 24 hours, at 43% of the range, and it’s already bounced off the bottom
② Funding rate flipped from -0.125% to +0.0368%—shorts are backing off
③ The 02:30 15-minute candle surged from 0.04598 to 0.0513, up 11.5% in one candle
④ There’s still 340 million in OI that hasn’t been closed
The short-covering rally is halfway through, and the funding rate has only just turned positive, which means more forced selling may still be on the way.
If the next 15-minute candle holds above 0.0498, the pullback is an entry point.
Do you think this is a bounce or a reversal? #Q #做多 #合约
