$LAYER The market is starting to look a bit different.
This isn't the bottom, but if the whales really want to play, a dip might actually be a good spot to add to my position.
Here are the key points I'm seeing:
- Open interest is clearly elevated
- The buy pressure hasn't eased off
- Funding rates still have some short squeeze fuel left
- Volume is starting to increase
My initial entry price: 0.07675
At this level, I'm not going all in, but I’ll grab a position to test the waters.
The focus here isn't on trying to guess the peak, but rather on standing next to a potential breakout point.
I'm bullish, but that doesn't mean I'm ignoring the risks; if we don't hold the key levels, I'm not going to stick around.
This isn't the bottom, but if the whales really want to play, a dip might actually be a good spot to add to my position.
Here are the key points I'm seeing:
- Open interest is clearly elevated
- The buy pressure hasn't eased off
- Funding rates still have some short squeeze fuel left
- Volume is starting to increase
My initial entry price: 0.07675
At this level, I'm not going all in, but I’ll grab a position to test the waters.
The focus here isn't on trying to guess the peak, but rather on standing next to a potential breakout point.
I'm bullish, but that doesn't mean I'm ignoring the risks; if we don't hold the key levels, I'm not going to stick around.