$UBER The current price is 76.92. In the past 24 hours, it has only moved 1.17%. The funding rate is glued to zero. An OI of over 7,000 U is just sitting thereโneither high nor low. With a trading volume of 150,000 U, donโt talk about a breakout with volumeโthere isnโt even a decent drift. The more like this it is, the less I can sleep. The most dangerous thing in the futures market isnโt a sudden surge or a sudden crashโitโs when everyone feels like nothingโs happening.
With the funding rate at zero, longs donโt have to โpayโ shorts, and shorts donโt have to โpayโ longs. On the surface, longs and shorts arenโt owing each other. In reality, nobody is willing to be the first to admit defeat. Over 7,000 U of positions have not been closedโeveryoneโs just playing dead. The last time this kind of zero-funding, low-volatility vacuum appeared, the follow-up wasnโt a single sky-piercing green candleโit was a waterfall-style liquidation. The tape is more honest than the news: no news is the biggest news. The spring is compressed to the limitโnow itโs just a question of which side breaks first.
I wonโt be stupid enough to sit here and stubbornly gamble. I currently have no position. Standing by and closingโwaitingโis the only โpositionโ I have. Next, Iโm watching two levels: 75 and 78. Let the market choose the direction on its ownโdonโt decide for it.
If the price breaks through 75 with volume and the funding rate rapidly flips from zero to negative, then the shorts are firing first. Iโll reverse and chase the short with 5x leverage, with a stop loss set above 76.5. This profitโif itโs thereโwonโt go to waste. If instead it holds up with buy orders and hard-tops above 78, and the funding rate starts to tilt up and jumpโthen the longs are back in business. Same thing: Iโll go long with 5x, stop loss at 76.8. On a zero-funding roulette table, until the dealer starts dealing cards, you betโother than giving the exchange feesโyou donโt gain anything.
Other people say this kind of trade is a dead pond, no action, no excitement. I actually think itโs brewing something big. Low volatility wonโt stay low forever. An OI of over 7,000 U sitting at zero funding is basically a pile of untriggered fuses. The time difference in on-chain U.S. stock futures often pulls the switch early before the U.S. stock market opens. The longer it stays calm, the more violently it explodes. Futuresโwhat they want is this little jolt, not for you to come claim a paycheck.
If you insist on finding a way to play from the current price: take a light position to try going long with 2x, stop loss at 75.5, and bet on an upside breakout. If youโre wrong, youโll just scrape some skin. But my hand is very clear: no 78, no longs. No break below 75, no shorts. The entire middle segment belongs to the gamblers. In this kind of market, staying alive and waiting for signals is stronger than anything else.
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#TradFi #้พไธ็พ่ก #UBER
How do you interpret the UBER news front?