$INIT Don’t rush into shorting! Watch out for a stop-hunt wick first; consider entering at 0.26.
Spot market funds have been flowing out continuously, so there’s a high chance the major players have already sold off in batches near the highs. But the funding rate is currently -0.95, which means quite a few people are still shorting. The market makers won’t let short positions take profit so soon. This suggests the current rally is meant to liquidate contract shorts. The daily chart has reached a resistance level, so there’s a good chance of a sharp wick that liquidates shorts, followed by a sell-off. You can place a short entry at 0.26. If the price spikes up, your order can catch it. The Plaza has a delay, but opportunities are always there 👇!!!
#INIT
Spot market funds have been flowing out continuously, so there’s a high chance the major players have already sold off in batches near the highs. But the funding rate is currently -0.95, which means quite a few people are still shorting. The market makers won’t let short positions take profit so soon. This suggests the current rally is meant to liquidate contract shorts. The daily chart has reached a resistance level, so there’s a good chance of a sharp wick that liquidates shorts, followed by a sell-off. You can place a short entry at 0.26. If the price spikes up, your order can catch it. The Plaza has a delay, but opportunities are always there 👇!!!
#INIT
