$DJT : Suddenly up 22%—short sellers may be in for another rough ride!
DJT has surged suddenly, gaining more than 22% in 24 hours to around $5.26, while activity in the futures market has also picked up noticeably.
First, DJT is not an ordinary meme coin. It represents perpetual futures contracts tied to stocks related to Trump Media Group, and its price is affected by related U.S. equities and market sentiment.
The most noteworthy thing this time is the change in capital flows:
Open interest in futures contracts is currently around $830,000, up about 25% in 24 hours. Futures trading volume is around $6.26 million, suggesting that new capital and positions are entering the market.
The funding rate is close to zero, indicating that neither side is currently facing a particularly pronounced cost-of-carry disadvantage.
What does this mean?
Prices are rising while open interest is also increasing, suggesting this move is more than just a simple price fluctuation. However, we can't yet confirm that institutions are continuing to buy, nor can we conclude that an uptrend has already formed.
I'd rather wait for a pullback before considering a long position than chase the rally right away.
My trading plan: Buy the pullback; no rush to open a short position for now!
• Current reference price: $5.26
• Buy-the-pullback range: $5.15–$5.25
• Stop-loss: $4.95
• First take-profit target: $5.65
• Second take-profit target: $5.90
• Extended target: $6.20
If the price falls below $4.95, it would suggest this rally may be losing steam, and the long trade plan will be canceled.
#Strategy和Metaplanet遭MSCI指数剔除 #英伟达Q3财报将至：能否化解市场疑虑？
DJT has surged suddenly, gaining more than 22% in 24 hours to around $5.26, while activity in the futures market has also picked up noticeably.
First, DJT is not an ordinary meme coin. It represents perpetual futures contracts tied to stocks related to Trump Media Group, and its price is affected by related U.S. equities and market sentiment.
The most noteworthy thing this time is the change in capital flows:
Open interest in futures contracts is currently around $830,000, up about 25% in 24 hours. Futures trading volume is around $6.26 million, suggesting that new capital and positions are entering the market.
The funding rate is close to zero, indicating that neither side is currently facing a particularly pronounced cost-of-carry disadvantage.
What does this mean?
Prices are rising while open interest is also increasing, suggesting this move is more than just a simple price fluctuation. However, we can't yet confirm that institutions are continuing to buy, nor can we conclude that an uptrend has already formed.
I'd rather wait for a pullback before considering a long position than chase the rally right away.
My trading plan: Buy the pullback; no rush to open a short position for now!
• Current reference price: $5.26
• Buy-the-pullback range: $5.15–$5.25
• Stop-loss: $4.95
• First take-profit target: $5.65
• Second take-profit target: $5.90
• Extended target: $6.20
If the price falls below $4.95, it would suggest this rally may be losing steam, and the long trade plan will be canceled.
#Strategy和Metaplanet遭MSCI指数剔除 #英伟达Q3财报将至：能否化解市场疑虑？
