Because that is the level when Binance Spot announced spot market delisting for Reef. Now its attempting to make that point of breakdown as a support and you lots are tryna nuke it with failure. Good luck!
$BTC Big capitulation coming today! Chinese miners seem fed up with their stack getting devalued on every US Open. We just got a glimpse of what they can do early Asian hours today. We have not seen their full capability yet. They can bring this down below 48k anytime. Save your money!
Because that is the level when Binance Spot announced spot market delisting for Reef. Now its attempting to make that point of breakdown as a support and you lots are tryna nuke it with failure. Good luck!
$REEF as long as the funding is positive like this, imo it will keep on pumping higher.
Cause people are not eager to short it yet for it to fall. All the down corrections weâre seeing is caused by Longs taking profit. (Based on OI data)
Just donât get fallen into thinking that positive funding means you must Short. It can either mean this;
1) Traders prefer buying rather than selling. 2) Short coverings using âreverseâ mode
This 2 is based on my personal OI monitoring. DYOR!
Funding can quickly change within a blink of an eye. I have experienced coins giga pumping on fundings like this only to turn into negative funding later on before blow-off top. Just ride the wave, donât fight it. Ask yourself why is this not dropping despite the funding? Big money doesnât want it to fall, Yet!
Just donât get fallen into thinking that positive funding means you must Short. It can either mean this;
1) Traders prefer buying rather than selling. 2) Short coverings using âreverseâ mode
This 2 is based on my personal OI monitoring. DYOR!
Funding can quickly change within a blink of an eye. I have experienced coins giga pumping on fundings like this only to turn into negative funding later on before blow-off top. Just ride the wave, donât fight it. Ask yourself why is this not dropping despite the funding? Big money doesnât want it to fall, Yet!
$REEF funding is extremely positive because Shorts are closing out, to promote Short sellers to come in. Not because it will crash. Also this can squeeze hard up even with this funding .