Brothers, little sister is staring at $UB this 30-minute candlestick, and she's a bit amused ๐Ÿ˜ค



The trading volume on these candles gets thinner and thinner, yet the price still stays high and unmoving โ€” not preparing for a big move, but waiting for the bulls to lose their grip. The funding rate is positive, with longs paying out every 8 hours. They've already pulled out so many times, and all they get in return is a flat line.

Little sister did some calculations: right now, the long positions are stacking up thicker and thicker, stop-loss orders are all piled below, and the market manipulators are too lazy to push the price up โ€” theyโ€™re just waiting for that pile of orders to turn into their snacks.

Brothers should focus on two things: which 30-minute volume candle will completely collapse, and when the funding rate will start to turn โ€” $UB , most likely, this pile of longs will change hands ๐Ÿ”ฅ.
UB-2.13%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments