⚠️$LAB dropped by 3%, but the funding rate is still positive! The bulls aren't dead, do you dare to step in?
Current price 8.986, -3.09%.
On the surface, it's weak, but there are conflicting signals underneath:
· Funding rate +0.0176% —— Bulls are still paying to hold the line
· Basis -0.049% —— Futures are cheaper than spot (market is leaning bearish)
One positive and one negative, what does it indicate?
Someone is trying to hold the bottom, but the sentiment hasn't caught up. Bulls and bears are deciding their fate around 9.0.
Resistance above at 9.20, support below at 8.80.
As long as the positive funding rate remains, we won't see a major drop; however, if the basis turns negative, the short-term outlook is weak.
👉 If you want to follow the trade, the chat room is waiting for you at @杰少日内波段
Current price 8.986, -3.09%.
On the surface, it's weak, but there are conflicting signals underneath:
· Funding rate +0.0176% —— Bulls are still paying to hold the line
· Basis -0.049% —— Futures are cheaper than spot (market is leaning bearish)
One positive and one negative, what does it indicate?
Someone is trying to hold the bottom, but the sentiment hasn't caught up. Bulls and bears are deciding their fate around 9.0.
Resistance above at 9.20, support below at 8.80.
As long as the positive funding rate remains, we won't see a major drop; however, if the basis turns negative, the short-term outlook is weak.
👉 If you want to follow the trade, the chat room is waiting for you at @杰少日内波段