$NAORIS hit the contract gains leaderboard at #3, but I didn't chase.
In the last 24 hours, contract trading volume was $13.33M, with a funding rate of +0.0196%, and open interest reached 104,033,602 NAORIS. The price surged by 45.59%, and the funding rate remained stable, indicating it's not a one-sided squeeze to the limit. It feels more like a spark igniting the sentiment, with contract funds piling in.
For these types of plays, I only set pullback orders, not opening positions on the leaderboard. The volume amplifies quickly, and open interest rises, making it prone to those sharp spikes and drops, where stop-losses are tricky to place. Retail traders love to chase the leaderboard, but I pay more attention to who’s buying at the highs. $NAORIS #NAORIS
In the last 24 hours, contract trading volume was $13.33M, with a funding rate of +0.0196%, and open interest reached 104,033,602 NAORIS. The price surged by 45.59%, and the funding rate remained stable, indicating it's not a one-sided squeeze to the limit. It feels more like a spark igniting the sentiment, with contract funds piling in.
For these types of plays, I only set pullback orders, not opening positions on the leaderboard. The volume amplifies quickly, and open interest rises, making it prone to those sharp spikes and drops, where stop-losses are tricky to place. Retail traders love to chase the leaderboard, but I pay more attention to who’s buying at the highs. $NAORIS #NAORIS