Take a look at this chart $HOT —the bears are practically handing the market makers a free win.
The data is scary: the long-to-short ratio is only 20%! There are 222 shorts hammering 78 longs. The craziest part is the funding rate—it’s plunged all the way to -0.7394%! The shorts are now not only stuck in losing positions, they also have to pay sky-high fees every day. This isn’t shorting; it’s paying tribute to the market makers.
Looking at the technicals: the 4-hour chart shows a huge volume-backed candle at the bottom, punching straight through all the moving averages. The daily MACD has a bullish divergence and golden cross—a classic sign of a reversal on the right side of the chart. But note that the 4-hour RSI is already at 72, so it’s a bit overbought in the short term.
My take: shorting now is asking to get wrecked—the funding rate will bleed you dry; chasing the rally is risky too, since it could pull back.
The safest strategy: wait for a pullback, then go long!
Wait for it to dip to 0.00040–0.00041 (moving-average support + the shorts’ cost zone), then enter a long position. Set your stop at 0.00038. Aim for the previous high at 0.00049—if it takes off, these shorts will get absolutely blown up! $HOT
The data is scary: the long-to-short ratio is only 20%! There are 222 shorts hammering 78 longs. The craziest part is the funding rate—it’s plunged all the way to -0.7394%! The shorts are now not only stuck in losing positions, they also have to pay sky-high fees every day. This isn’t shorting; it’s paying tribute to the market makers.
Looking at the technicals: the 4-hour chart shows a huge volume-backed candle at the bottom, punching straight through all the moving averages. The daily MACD has a bullish divergence and golden cross—a classic sign of a reversal on the right side of the chart. But note that the 4-hour RSI is already at 72, so it’s a bit overbought in the short term.
My take: shorting now is asking to get wrecked—the funding rate will bleed you dry; chasing the rally is risky too, since it could pull back.
The safest strategy: wait for a pullback, then go long!
Wait for it to dip to 0.00040–0.00041 (moving-average support + the shorts’ cost zone), then enter a long position. Set your stop at 0.00038. Aim for the previous high at 0.00049—if it takes off, these shorts will get absolutely blown up! $HOT
