Looking at the trend of PIPPIN, there are fewer and fewer shorting people. The daily incoming funding rate is at the level of several k U, indicating a strong willingness to hold long positions. Rather than waiting for a pullback, it's better to follow the hot money. Even if the price fluctuates repeatedly in this range, just earning the funding rate won't result in a loss.
The pace here at LIGHT is a bit faster. Given the current trading activity and buying pressure, the probability of breaking through 6 USD is quite high, and it is very likely that we will test this price level tonight.
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RebaseVictim
· 21h ago
Follow the hot money to eat the fees, this trick is indeed stable
LIGHT is about to break 6 dollars, looking forward to the show tonight
Fewer and fewer people are shorting? This is a signal
The funding fee is at the k level, long positions are really not afraid
But we still have to look at the Trading Volume, don’t just listen to the fees sing.
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Frontrunner
· 21h ago
The funding rate of several thousand U is indeed tempting, but I'm still afraid of getting whipsawed out of positions. I need to be more cautious at this PIPPIN position.
Is LIGHT going to break 6? I think it's uncertain, and there seem to be a lot of dumb buyers right now.
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MetaEggplant
· 21h ago
The funding rate of several k U is indeed fierce. Why aren't the long positions pushing forward so aggressively?
Looking at the trend of PIPPIN, there are fewer and fewer shorting people. The daily incoming funding rate is at the level of several k U, indicating a strong willingness to hold long positions. Rather than waiting for a pullback, it's better to follow the hot money. Even if the price fluctuates repeatedly in this range, just earning the funding rate won't result in a loss.
The pace here at LIGHT is a bit faster. Given the current trading activity and buying pressure, the probability of breaking through 6 USD is quite high, and it is very likely that we will test this price level tonight.