$EPIC - SHORT momentum play (x10)
Quick lesson from $EPIC on what funding really tells you.
Funding sits at 0.005%, which means longs pay shorts just to keep their positions open. Holding a long here costs money while price goes nowhere, and that bleed adds up. Price is also 16% below the 4-hour 200 EMA, so this move is stretched, and the entry zone sits about 1.4% above current price near 0.26.
TRADE PLAN
Entry zone: 0.261 - 0.264 (ref 0.2629)
TP1: 0.245 (+6.85%)
TP2: 0.225 (+14.35%)
TP3: 0.211 (+19.67%)
Stop loss: 0.28 (-6.56%)
⚠️ Personal market insight, not investment advice. DYOR.
Quick lesson from $EPIC on what funding really tells you.
Funding sits at 0.005%, which means longs pay shorts just to keep their positions open. Holding a long here costs money while price goes nowhere, and that bleed adds up. Price is also 16% below the 4-hour 200 EMA, so this move is stretched, and the entry zone sits about 1.4% above current price near 0.26.
TRADE PLAN
Entry zone: 0.261 - 0.264 (ref 0.2629)
TP1: 0.245 (+6.85%)
TP2: 0.225 (+14.35%)
TP3: 0.211 (+19.67%)
Stop loss: 0.28 (-6.56%)
⚠️ Personal market insight, not investment advice. DYOR.