$IONQ 24 hours down 4.949%, and the funding rate is still positive at 0.00024031. It’s down—yet longs are still paying to hold their positions.
All it takes is Trump saying something offhand to shake up the US stock market’s semiconductor and quantum computing sectors, and on-chain futures prices wobble accordingly. In this setup, longs are losing money while also paying funding fees—basically hard-holding. Over on the US market, if there’s even a hint of fresh news, the cascading liquidations from “more sells more” could easily be ignited.
I’m not saying Trump will definitely release a bearish signal, but you shouldn’t trade based on his mouth. With the current price at 39.95, I treat it as a contrarian indicator: the long-held trapped zone is my potential short entry area. Plan: if price rebounds to around 40.5, I’ll try a short. I’ll set the stop-loss above the intraday high at 41.5. The risk/reward ratio is something you should calculate yourself. If price directly breaks below 39.0 without any rebound, then the short-side momentum is confirmed—and you can add to the position.
Be a little contrarian: the market might think the drop is enough and it’s time to buy the dip, but given this funding-rate structure, “buying the dip” is basically catching a flying knife. The invalidation conditions are simple: if Trump publicly backs quantum computing today, or
$IONQ returns to and holds above 41.5 with volume, my short thesis is immediately invalid.
Trading tag:
#TradFi #链上美股 #IONQ
Where do you think this set of judgments is most likely to be wrong?