$POWR up, target $0.07. Below $0.0636 I'm wrong.
Funding prints -1.046% per 4h, so shorts pay longs to hold this perp, and price is still up 19.83% over 24 hours. Open interest rose 174.1% in 24 hours and the mark sits at $0.06623 against a $0.06763 index.
Since the spike the range is $0.0636 to $0.0684. I don't short into that carry. Which comes first, $0.07 or $0.0636?
Funding prints -1.046% per 4h, so shorts pay longs to hold this perp, and price is still up 19.83% over 24 hours. Open interest rose 174.1% in 24 hours and the mark sits at $0.06623 against a $0.06763 index.
Since the spike the range is $0.0636 to $0.0684. I don't short into that carry. Which comes first, $0.07 or $0.0636?
