━━━━━━━━━━━━
🔁 Yesterday in Review
The NEAR short reached Target 1, then the stop was moved to the entry price and the position closed. Maximum unrealized profit was 4.37%; it's now 1.28% above its level when selected. The RSR long didn't reach the entry zone and wasn't triggered; it's now up 4.7%, after rising as much as 11.22% intraday.
The JCT setup, which was for observation only, is now 8.35% below its level when selected, after falling as much as 37.09% intraday. Over the past 30 days, 37 trades have closed: 17 reached Target 1 and 16 hit their stop-loss, for a 52% Target 1 rate.
━━━━━━━━━━━━
📊 Today's Market
Today I'm slightly bullish on altcoins pulling back, with a light position: my primary order is to go long HANA on a pullback, with a ZEC short on a rebound as my second choice. BTC is up 0.68% since the previous update, from 74,796 to 75,308, placing it around the 25% mark of its 7-day range; it's up 0.65% over 24 hours, with a high of 75,575.
The nearest resistance above is 75,548; if price breaks above it, watch 75,860. A break below 74,404 puts 73,715 in view, followed by 73,333.
The share of traders who are long fell from 73.9% a day ago to 73.5%; large traders’ long positions are at 69.4%, the funding rate is 0.01%, and the 1-hour taker buy/sell ratio is 1.40, with buyers still dominant. As the price edges up, retail longs have declined slightly while large traders’ long positions remain elevated. The short-term outlook is likely to remain choppy with a bullish bias.
Ethereum is currently at 2,133, up 0.33% in 24 hours. The share of traders who are long is 79.2%, up 0.3 percentage points from a day ago. A break above 2,136 puts 2,151 in view; a break below 2,121 puts 2,081 in view.
Of 57 altcoins, 70% are up, compared with just 21% in the previous period; the median gain is 1.85%. BTC has recovered slightly and most altcoins have turned green. Give priority to placing a buy order on a HANA pullback; for ZEC, wait for a rebound before shorting.
━━━━━━━━━━━━
🟢 Go long HANA
Up 15.7% in 24 hours, with open interest rising 33.8% over the same period, faster than the price gain; open interest rose 0.4% in the past hour. Trading volume is about $62 million. The current price is 0.01698, down 14.2% from the 24-hour high of 0.01979. Trading volume over the past 3 hours is only 16% of the usual level.
No clear news from the past 48 hours; the move appears to be mainly driven by capital flows. Yesterday’s high of 0.01658 has been broken to the upside. The price is now pulling back from the high, and this area may turn into support. Set the entry zone at 0.01637–0.01679.
The share of traders who are long is 76.6%, down from 78.1% a day ago; large traders’ long positions are at 64.9%, and the taker buy/sell ratio is 0.89. Retail longs have edged down, and the 0.0354% funding rate means longs are paying a small fee.
▸ Entry: 0.01637 - 0.01679
▸ Stop loss: 0.01567 (about -5.5%)
▸ Targets: 0.01794 / 0.0193
When most altcoins are turning green, a long on a pullback ranks first. If the price does not return below 0.01679 and instead surges straight back above 0.01979, abandon this trade.
━━━━━━━━━━━━
🔴 Go short ZEC
Down 4.3% in 24 hours, with open interest almost unchanged over the same period, so there has been no significant increase in positions during the decline; open interest fell 0.6% in the past hour. Trading volume is about $1.82 billion. The current price is 1,160.76, down 7.1% from the 24-hour high of 1,249.17. Trading volume over the past 3 hours is half the usual level.
According to TokenPost’s November 9 report, ZEC briefly fell to around 1,198 on Binance spot, down 2.64% in one hour, as long positions on major exchanges were liquidated (source: TokenPost). Yesterday’s low of 1,176.98 has been broken. A rebound to this area may turn it into resistance. Set the entry zone at 1,169.3–1,184.66.
The share of traders who are long is 52.4%, large traders’ long positions are at 60.5%, and the taker buy/sell ratio is 0.86. Large traders have more long exposure, while the 0.01% funding rate is close to neutral.
▸ Entry: 1,169.3 - 1,184.66
▸ Stop loss: 1,210.26 (about +2.8%)
▸ Target: 1,127.05 / 1,077.13
The stop loss is only 2.8%, serving as a secondary hedge. If it rebounds on increased volume and reclaims 1,200, abandon this trade.
━━━━━━━━━━━━
👀 Watch only, no trade INIT
Up 53% in 24 hours, with the price about 22% above its short-term average. The funding rate is -1.018%, meaning longs are paying a relatively high fee. Open interest increased 101.7% in 24 hours. Chasing the price is risky; staying out.
━━━━━━━━━━━━
📌 Execution
After reaching Target 1, move the stop loss to the entry price. For HANA, wait for a pullback to 0.01637–0.01679; for ZEC, wait for a rebound to 1,169.3–1,184.66. Place conditional orders for both trades.
⚠️ Futures are highly volatile. The above are screening results and conditional order ideas, not investment advice.