$MRVL In half an hour, it shot up by nearly 6 percentage points to 292. The funding rate is 0, there’s no long-side chasing the price—this is simply a short-covering move propping up the order book.
With a tape like this, experienced traders won’t chase the rally. For a 20x short, set the stop-loss at 298 and take profit at 280. Position size 2%, and let the ones inside handle the selling.
If you ask me, this price structure is too weak—it’s just getting propped up by the headline news. The downside room is much bigger than the upside.
Trading tag: #TradFi #链上美股 #MRVL
Does Trump’s move here turn out to be good news or bad news for MRVL?
With a tape like this, experienced traders won’t chase the rally. For a 20x short, set the stop-loss at 298 and take profit at 280. Position size 2%, and let the ones inside handle the selling.
If you ask me, this price structure is too weak—it’s just getting propped up by the headline news. The downside room is much bigger than the upside.
Trading tag: #TradFi #链上美股 #MRVL
Does Trump’s move here turn out to be good news or bad news for MRVL?