MASK just surged 30%, the current contract funding rate is positive. Observing the position data, the long positions will increase within 5 minutes, indicating that the market makers are continuously accumulating long positions, and the longs need to pay funding fees to the shorts. However, it is not advisable to blindly chase long positions as it can lead to being caught. The open interest shows a Super Mario trend, which may very likely lead to a liquidation.
If you blindly short, you might also face a short squeeze. It is recommended to operate with a light position, considering short-term shorting to take advantage of funding fees; aggressive short sellers need to set stop-losses (e.g., above 2.80), and take-profit targets could be around 2.40 or 2.20.
If still bullish, it is advisable to wait for a pullback to confirm support (e.g., 2.55~2.60) before choosing to go long at lower levels, avoiding chasing highs.
Note that MASK is highly volatile and sensitive to public sentiment; contract operations must control position sizes, set proper take-profit and stop-loss levels to avoid losses due to emotional trades. Pay attention to Binance funding rates, trading volume, and market changes, operate rationally, and follow the trend. $MASK