FUTURES MARKET WATCH HEAVY SELLING
Several perpetual contracts are facing sharp downside pressure. GGPS is down 29.14%, JCT 28.42%, BEAT 23.41%, SKYAI 17.28%, ON 16.82%, XPIN 15.30%, H 15.23%, and HANA 13.79%.
The broader list shows strong bearish momentum, but after such steep drops, chasing shorts can be risky. Wait for a relief bounce and rejection before considering a setup.
{future}(GPSUSDT)
{future}(JCTUSDT)
{future}(BEATUSDT)
$GPS USDT: $0.012154 | -29.14%
$JCT USDT: $0.001798 | -28.4...
$BTC Long Trade Setup
Entry: $64,100 – $64,300
TP1: $64,800
TP2: $65,000
TP3: $65,300
TP6: $66,000
SL: $63,300 (you can manage manually as per your portfolio)
Manage risk properly.
Buy and Trade $BTC
{future}(BTCUSDT)
$BTW update: last week's thesis played out, the picture has completely changed now.
{future}(BTWUSDT)
Last week I talked about withdrawals to fresh wallets that were holding, a low L/S, and big accounts sitting on the opposite side. Since August 14, price has gone up 3x.
The picture looks very different now.
The numbers
>Price 0.64724, +76.20% in 24h
>Market cap 1.70B
>Open interest 157.32M, +70.9% in 24h
>Futures volume 738.76M
>Spot volume 61.91M
>Funding 0.0575%
>L/S ratio 0.44
>Top trade...
$COMP is sitting at a major long-term support zone around $15–$18 within a multi-year descending channel. This area could be important for a potential trend reversal if buyers continue to defend it.
A confirmed weekly breakout above the $20–$22 resistance/trendline would be a strong bullish signal and could open the way toward $30–40, $60–70, and eventually $100+.
However, if $15–$18 fails as support, COMP could revisit the $10–$12 area. For now, patience is key. The major level to watch is $...