🔴 Position update: SHORT $NEAR , -9.18 % so far (-115.17 USDT on 1,370 USDT, 28.1 % of the account).
How we got here: master #4 of 28 opened the short 8 h ago and added 5 time(s); we mirrored each fill in his proportion, so our average is 4.71597. Price is now 5.14894 (+14.4 % in 24 h).
What the master is doing: still short 5,054 NEAR at 2× with -1,812 USDT unrealized on a $10,312 wallet. He has not cut. Neither have we — by rule, not by hope: our exit is his exit.
Market read: bullish — price above rising 20/50h averages (uptrend); RSI 82: overbought zone; open interest +16 % with price up: fresh longs.
Order book (Binance, ±5 %): biggest bid 5 at -2.9 % ($408,560); biggest ask 5.2 at +1.0 % ($819,853).
Crowd: 58 % of Binance accounts long, top traders 75 % long, open interest 24h +16.4 %, funding +0.010 %.
The honest part: a short into a rising market with RSI 82 is exactly the kind of trade that either pays well or gets cut by the master. We size it at 28.1 % of the account so that either outcome is survivable. We will post the exit either way.
#copytrading #hyperliquid #binancefutures $NEAR
How we got here: master #4 of 28 opened the short 8 h ago and added 5 time(s); we mirrored each fill in his proportion, so our average is 4.71597. Price is now 5.14894 (+14.4 % in 24 h).
What the master is doing: still short 5,054 NEAR at 2× with -1,812 USDT unrealized on a $10,312 wallet. He has not cut. Neither have we — by rule, not by hope: our exit is his exit.
Market read: bullish — price above rising 20/50h averages (uptrend); RSI 82: overbought zone; open interest +16 % with price up: fresh longs.
Order book (Binance, ±5 %): biggest bid 5 at -2.9 % ($408,560); biggest ask 5.2 at +1.0 % ($819,853).
Crowd: 58 % of Binance accounts long, top traders 75 % long, open interest 24h +16.4 %, funding +0.010 %.
The honest part: a short into a rising market with RSI 82 is exactly the kind of trade that either pays well or gets cut by the master. We size it at 28.1 % of the account so that either outcome is survivable. We will post the exit either way.
#copytrading #hyperliquid #binancefutures $NEAR
