⚠️ A cautious, level-headed watch: new asset $IDOL has entered the “pre-surge” pool—OI 17.79M U, 24h +5.9%. Looks mild.
But its 30-day data shows +112%, right at my “above 100% means stay away” threshold. So this isn’t an early entry; it’s a continuation trade after the main rally: open interest is still elevated, and the funding rate of 0.005% is neutral-to-bullish, meaning longs are paying a premium—not shorts getting squeezed.
In the same pool, $BIRB is up +93% over 30 days, and $ICNT is up +212% over 30 days. Both are in the middle-to-late stages of a rally, not the early stage.
My approach: wait for a pullback; don’t chase.
But its 30-day data shows +112%, right at my “above 100% means stay away” threshold. So this isn’t an early entry; it’s a continuation trade after the main rally: open interest is still elevated, and the funding rate of 0.005% is neutral-to-bullish, meaning longs are paying a premium—not shorts getting squeezed.
In the same pool, $BIRB is up +93% over 30 days, and $ICNT is up +212% over 30 days. Both are in the middle-to-late stages of a rally, not the early stage.
My approach: wait for a pullback; don’t chase.