Reasons to continue following this short:
- Funding rate: 0.006 - Positive
- OI: Strong increase
- Price sideways - decreasing
- USDT spot inflow not yet seen
=> Long is still FOMOing, price is still pushing up, MM will trap more and may sweep additional weak shorts.
When to enter a short position:
- Entry: 106.8 or above
- When OI is above 0.008 - 0.01
- When Long FOMO is at its peak is when the price gets pushed down
You can't track the chart 100% of the time. So just keep an eye on funding above 0.008 and consider shorting. If you already have a position, turn off the computer and go to sleep or wait to DCA more!