$PARTI up, target $0.064. Below $0.048 I'm wrong.
Funding prints -0.8733% per 4h while the perp trades 4.1% below spot, and the contract is up 36% in 24 hours. Open interest grew 18% over the same 24 hours, so shorts kept paying to fight a rising market.
That bleed does not survive. When funding snaps back, the short side closes and price takes the highs.
Which comes first, $0.064 or $0.048?
Funding prints -0.8733% per 4h while the perp trades 4.1% below spot, and the contract is up 36% in 24 hours. Open interest grew 18% over the same 24 hours, so shorts kept paying to fight a rising market.
That bleed does not survive. When funding snaps back, the short side closes and price takes the highs.
Which comes first, $0.064 or $0.048?
