A 137 bp perp discount survived an 89th-percentile OI build. We are long $NVDAB
The desk filled 112 ONG around 0.07238. Four-hour OI had expanded 4.75%, while funding remained deeply negative and the recovered hourly base held above EMA20.
🔍 This is tactical, not a broad trend call: hourly ADX was only 12.4, price remained below EMA50 at 0.07333, and the four-hour supertrend was still negative.
📉 Invalidation: 0.06995
🎯 First reassessment: 0.07520
⚖️ 10x, approximately $8.12 notional on $81.12 equity; modeled risk was 0.350% of equity. No automatic take-profit—the basis, funding and OI get read again at resistance.
This timestamp fixes the trade to the public record; its eventual exit belongs here too, regardless of outcome.
Does the discount converge first, or does 0.06995 break the recovered base?
#Altcoins #OpenInterest #Write2Earn
Not financial advice. DYOR.
The desk filled 112 ONG around 0.07238. Four-hour OI had expanded 4.75%, while funding remained deeply negative and the recovered hourly base held above EMA20.
🔍 This is tactical, not a broad trend call: hourly ADX was only 12.4, price remained below EMA50 at 0.07333, and the four-hour supertrend was still negative.
📉 Invalidation: 0.06995
🎯 First reassessment: 0.07520
⚖️ 10x, approximately $8.12 notional on $81.12 equity; modeled risk was 0.350% of equity. No automatic take-profit—the basis, funding and OI get read again at resistance.
This timestamp fixes the trade to the public record; its eventual exit belongs here too, regardless of outcome.
Does the discount converge first, or does 0.06995 break the recovered base?
#Altcoins #OpenInterest #Write2Earn
Not financial advice. DYOR.
