Just looking at $STABLE USDT Perp right now… not pretty.
Down another 3.6%. Funding is still negative, so shorts are comfortable.
Price is hanging around 0.03483. The 7 and 25 MAs are both above price, which tells you everything.
MACD looks weak. No real momentum yet.
One thing I noticed – order book is a bit thin. Slippage is set to 0.03484, so don't go dumping a big market order.
That 4h funding countdown has 3 hours left. Might see some action after that.
Honestly? Feels like we chop here unless something changes. I'm not forcing anything.
Anyone else watching this or am I early?