Desk is long $BMT from the 0.01645 area.
đ Open interest contracted 10.46% over 24 hours while funding remains near -0.390% daily-equivalent. The thesis is a supportive unwind, but near-term momentum remains fragile.
â ïž Thesis warning: 0.01590
đ Hard invalidation: 0.01514
đŻ Targets: 0.01745 and 0.01840
No averaging down. This post is the receipt; the close will be posted too, win or lose.
Bookmark 0.01590: does it recover there, or does expanding OI confirm the breakdown?
#Altcoins #OpenInterest #TechnicalAnalysis
Not financial advice. DYOR.
đ Open interest contracted 10.46% over 24 hours while funding remains near -0.390% daily-equivalent. The thesis is a supportive unwind, but near-term momentum remains fragile.
â ïž Thesis warning: 0.01590
đ Hard invalidation: 0.01514
đŻ Targets: 0.01745 and 0.01840
No averaging down. This post is the receipt; the close will be posted too, win or lose.
Bookmark 0.01590: does it recover there, or does expanding OI confirm the breakdown?
#Altcoins #OpenInterest #TechnicalAnalysis
Not financial advice. DYOR.