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🔁 Yesterday in Review
The ARB long didn’t reach the entry zone and is now 2.58% higher than when selected, after rising as much as 2.76% intraday. The PEPE long hit its stop-loss after triggering; its maximum unrealized profit was 1.75%, and it’s now down 2.63%.
AKE, which was watch-only, is now 45.98% higher than when selected, and rose as much as 70.1% intraday. 33 trades settled in the past 30 days: 13 reached Target 1 and 16 hit stop-loss, for a 45% Target 1 rate.
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📊 Today’s Market
I’m leaning toward a choppy market today, so I’ll keep positions light: MET is my primary setup, looking to go long on a pullback, while UAI is a secondary setup, looking to short a rebound. BTC is almost unchanged from the previous update, moving from 75,818 to 75,814, and remains around the 16% mark of its 7-day range. It’s up 0.01% over 24 hours, trading between 75,527 and 76,210.
The nearest resistance above is 76,069; if price moves above it, watch 76,351. If it falls below 75,562, watch 75,260, then 74,811.
The proportion of long traders edged down to 75.5% from 75.8% a day ago; top traders’ long positions are at 65.1%, the funding rate is 0.0053%, and the 1-hour taker buy/sell ratio is 1.19, favoring buyers. Retail traders remain heavily long while price moves sideways, making long positions more crowded.
Ethereum is currently at 2,238, nearly unchanged over 24 hours. The proportion of long traders is 77.9%, down 1.9 percentage points from a day ago. Above 2,247, watch 2,269; below 2,236, watch 2,228.
Only 41% of 44 altcoins are up, versus 78% in the previous period; the median gain is -0.47%. With BTC moving sideways and most altcoins turning red, prioritize placing a limit order to go long on a MET pullback and wait for a rebound before shorting UAI. Keep both positions small.
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🟢 Long MET
Up 19.1% in 24 hours, with open interest up 65.9% over the same period, meaning positions are being added faster than the price is rising; open interest rose another 3.0% in the past hour. Trading volume is about $34 million. The current price is 0.3268, down 2.6% from the 24-hour high of 0.3356; volume over the past 3 hours is 2.6 times usual.
Binance has launched a Meteora (MET) trading competition, with a prize pool of up to 400 BNB token vouchers (source: Binance announcement). In the previous rally, pullbacks repeatedly found support around 0.309. Set the entry zone between 0.3063 and 0.312.
The proportion of long traders is 54.0%, close to top traders’ long positions at 53.0%; the taker buy/sell ratio is 0.93. Long and short positions are nearly balanced, while shorts are paying funding at -0.0311%.
▸ Entry: 0.3063 - 0.312
▸ Stop loss: 0.2967 (about -4.0%)
▸ Targets: 0.3278 / 0.3464
The pullback long ranks first in this range-bound market. If the price doesn’t pull back below 0.312 and instead pushes straight back above 0.3356, abandon this trade.
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🔴 Short UAI
Down 11.9% in 24 hours, with open interest down 13.8% over the same period, indicating the decline came with positions being closed; open interest rose 1.2% in the past hour. Trading volume is about $66 million. The current price is 0.124, down 18.8% from the 24-hour high of 0.1527; volume over the past 3 hours is only one-fifth of usual.
No clear news from the past 48 hours was found; the move appears mainly driven by flows. During this decline, rebounds repeatedly met resistance around 0.128. Set the entry zone between 0.1262 and 0.1289.
The proportion of long traders rose from 57.0% to 62.4% in a day; top traders’ long positions are at 54.8%, and the taker buy/sell ratio is 1.05. Retail traders are turning more bullish again, while the funding rate of 0.005% is close to neutral.
▸ Entry: 0.1262 - 0.1289
▸ Stop loss: 0.1333 (about +4.5%)
▸ Targets: 0.1189 / 0.1102
When most altcoins turn red, prioritize shorting a rebound. If a high-volume bounce gets back above 0.1369, abandon this trade.
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👀 Watch only, no trade: AKE
Up 45.1% in 24 hours, with open interest up 24.2%. There’s no suitable entry, so don’t chase the price.
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📌 Execution
After Target 1 is reached, move the stop loss to the entry price. Prioritize placing a limit order for a MET pullback; wait for a rebound before shorting UAI; BTC must hold 75,562.
⚠️ Futures are highly volatile. The above are screening results and conditional order ideas, not investment advice.