#资金费率 Many friends do not understand the funding rate, the funding rate is very important, you must learn it!

Here I share some practical knowledge about the funding rate: the calculation and significance of the funding rate.

The meaning of the funding rate:

1. The upper right corner of each currency will display the funding rate and countdown for that currency, usually settled every 8-4 hours. (For example, in the screenshot below)

If the rate is positive, the long position pays the short position; if it's negative, vice versa.

Generally, you can see the long-short sentiment from this. For example, if a certain currency's funding rate is -3%, it means that there are more short positions for this currency at the moment. If you also go short at this time, the settlement of the funding rate will deduct a larger fee.

Some manipulators will use this to deliberately pump the price to profit from the funding rate!

2. Calculation of the funding rate:

Funding rate deduction = cost value of position size * leverage * funding rate

For example:

30U cost value opening a position with 10X leverage and a funding rate of -3% means that you need to deduct or earn 30*10*0.03=9U

$HBAR $WIF $BTC #市场回调，观望还是上车？

$BTC is currently following the first red arrow callback, with support around 92000 below. It is suggested that everyone holding long positions exit early.

$AAVE

Has broken below support, the next support is at the previous resistance level breakthrough around 343, you can look for long opportunities

The market may pull back $XRP Cancel this order to go long first

#UXLİNK If it retraces to the blue area (1.49-1.59), it can be entered again.

$SOL

Continue to pay attention to this pressure level, try to break through it many times, and the callback amplitude is not large. After the breakthrough, the rising position can be seen around 216

$XRP Follow support level rebound

Can open a small long position at market price around 2.27, stop loss at 2.2

Target 2.33 - 2.39 - 2.48

$ONG

Pay attention to the support level rebound

$ETH Ethereum is currently performing moderately, and the period after the holiday is crucial. According to the logic of the second phase of a bull market, it is indeed time for a strong rebound. The strong resistance levels are around 3700 and 4100. A gradual breakthrough will provide an opportunity to reach new highs, triggering the altcoin season.

This round of the script is expected to be completed in about 10-30 days, and the specifics may vary based on news developments. I will continue to update the strategy and layout during this period.

$BTC Judging from the future trend, the global view on the trend of BTC is similar at present, and I personally think that this trend can be left unattended.

In this round, we have made several long positions, including two orders near 94200 and 92200, so it can be clearly seen that it is currently running in a relatively middle position.

The mainstream view is that after a short retracement, BTC will continue to attack 100000 million US dollars, and then choose whether to peak and retrace in the short term near 103000-104000 depending on the strength. It will be repeated several times in the middle, and finally a downward correction will be made. The strength must be strong enough to at least pierce 92000, and it is best to go to around 87000-85000 or even lower, and then the bottom will be completed, the cottage fund absorption and washing will be completed, and the bull market will continue.

$BTC

Currently in a relatively low position, experiencing sideways fluctuations. Due to the Western Christmas holiday, trading volume has significantly decreased, and the market is fluctuating in the 92000-97000 range.

Current support is around 92500-92000, with the important level being 92000, which has been mentioned many times as the support at the lower edge of the channel.

The US stock market is closed, and there is currently no capital to support a significant surge in the market. It is expected to continue for a while. Everyone should patiently wait for opportunities. If considering medium to long-term positions and spot trading, one might consider entering a position below 93500 and gradually adding to the layout.

$PNUT

The support for long positions yesterday also had a profit of 8 points. For those who missed it, you can re-enter long positions at a pullback to 0.71.

$ETH

Since yesterday, it has been performing relatively strongly, testing 3300 multiple times. This is a strong support level, which is a good signal. Ethereum's strength indicates that altcoins will start to perform well, so partners should be patient and wait.

$SOL

The trend is in line with expectations, with resistance levels at 198-201

$1MBABYDOGE still did not disappoint, surging to 0.038 at midnight, gaining seven points!!

$SOL

The upward trend still has space for growth after being reclaimed above the trend line

The continuous outflow of ETFs indicates that the current market correction before Christmas is still ongoing.

This Wednesday is Christmas, and major trading platforms in Europe and the United States will be closed. Overall, it has recently been a phase of adjustment, with strong risk aversion in the market. An extreme market situation cannot be ruled out, so whether engaging in contracts, spot trading, or short-term operations, it's important to take profits when they are available.

Contract Code: $1MBABYDOGE

Current Price 0.00357 Buy Long, Stop Loss 0.00333, Take Profit 0.00425

(For buying long, please pay attention to position management, small position recommended)

$EIGEN A beautiful day to go long!! Friends in the group are eating meat again 😎

If you have opened long positions, don't forget to set stop-loss for costs and take profit in batches.

(Code comes from the internal group DingTalk subgroup of Gendan)