$BEAMX hasn't reached the top yet. Is now a good time to go long?
Looking at the market, BEAMX has surged strongly all the way up from 0.0032. Bullish momentum is strong, with solid buying support, and it's up nearly 27% on the 24-hour gainers list.
Now let's look at the smart money data: the funding rate is 0.005%, indicating that long positions are starting to get crowded and the cost of holding them has risen significantly. The nominal long/short ratio is 176%, with a bunch of retail traders chasing longs at elevated prices. Only 8.49% of short positions are profitable, meaning nearly all shorts are underwater. Retail traders piling into longs is a risk: if buying support weakens and no major players step in to defend the price, profit-takers could rush for the exits, making a sell-off very likely.
My advice: patiently wait for signs that the price is facing resistance after a run-up and that buying support is weakening. I'll let my followers know if a good shorting opportunity arises. If you want to stay in sync, keep an eye out for signals in the chat room.
The views above are for personal reference only and do not constitute investment advice.】
#美国中期选举倒计时，美股博弈窗口已开启？
Looking at the market, BEAMX has surged strongly all the way up from 0.0032. Bullish momentum is strong, with solid buying support, and it's up nearly 27% on the 24-hour gainers list.
Now let's look at the smart money data: the funding rate is 0.005%, indicating that long positions are starting to get crowded and the cost of holding them has risen significantly. The nominal long/short ratio is 176%, with a bunch of retail traders chasing longs at elevated prices. Only 8.49% of short positions are profitable, meaning nearly all shorts are underwater. Retail traders piling into longs is a risk: if buying support weakens and no major players step in to defend the price, profit-takers could rush for the exits, making a sell-off very likely.
My advice: patiently wait for signs that the price is facing resistance after a run-up and that buying support is weakening. I'll let my followers know if a good shorting opportunity arises. If you want to stay in sync, keep an eye out for signals in the chat room.
The views above are for personal reference only and do not constitute investment advice.】
#美国中期选举倒计时，美股博弈窗口已开启？
