Binance announced that the HYPEUSDC perpetual contract will launch on November 11 at 17:30 CST, followed by TRXUSDC at 17:35. Both support up to 75x leverage and are settled in USDC. Funding fees for the two contracts are settled every 4 hours and every 8 hours, respectively, with funding rate caps of 2% and 0.4875%.

Binance snapshot at 13:05 on November 11: HYPE at $72.19 (-3.657%), with a 24-hour range of 70.42โ€“75.40; TRX at $0.3178 (0.000%), with a range of 0.3173โ€“0.3205. HYPE has retreated from its daily open of $85.11 on November 4, while TRX remains near the top of its narrow range.

Personal view: If HYPE reclaims 72.66 on the 4-hour chart and holds, consider going long, targeting 73.78 and 75.40, with a stop-loss at 71.36. If it breaks below 71.36 and fails to reclaim 72.20 on a bounce, look toward 70.42 and 69.50, with a stop-loss at 72.66. For TRX, wait for now and reassess after a breakout above 0.3205.

Liquidity and funding rates for a newly launched contract may fluctuate sharply at first, and 75x leverage amplifies the risk of sudden wicks. Trading after launch may only develop into a trend if volume subsequently picks up. Would you wait for the first funding-rate period?

$HYPE $TRX

#ๅธๅฎ‰ๅˆ็บฆ #HYPE #TRX #PerpetualFutures

The above content does not constitute investment advice