This rally has been successful—take profits and secure your gains. As long as the funding rate doesn’t reverse, it’s an opportunity to go long.
The funding rate is currently at -1.68, yet so many people are still shorting. Combined with the previous pump, it’s obvious there are too many short positions. The market makers don’t want shorts to profit so soon in the short term, so they keep shaking out the market and dumping coins for retail traders to take over.
The current price of $INIT is 0.233. The funding rate for shorting is too high, so it’s not worth it. You can open a small long position with a target of 0.28. The Square has a delay, but opportunities are always there 👇
#INIT
The funding rate is currently at -1.68, yet so many people are still shorting. Combined with the previous pump, it’s obvious there are too many short positions. The market makers don’t want shorts to profit so soon in the short term, so they keep shaking out the market and dumping coins for retail traders to take over.
The current price of $INIT is 0.233. The funding rate for shorting is too high, so it’s not worth it. You can open a small long position with a target of 0.28. The Square has a delay, but opportunities are always there 👇
#INIT
