$EWY 24 hours took a hit of -9.735%, current price 196.38, the order book is bleeding. Funding is still sitting at 0.00022195 positive, OI is lying at 107543.96, indicating that the bulls are taking a beating but not giving up, still holding and adding to their positions, trying to drag down the average price. I'm way too familiar with this kind of structure, once the sector linkage breaks, holding positions just provides liquidity.
This wave is being transmitted from the collective sell-off of emerging market risk assets. Trump is back at it with trade policy talk, and as soon as he opens his mouth, export-driven economies like South Korea get hurt first. Once the exchange rate expectations are compressed, foreign capital runs faster than anyone else, and EWY, as an on-chain reflection of US stocks, drops without missing a beat. Don't see it as an independent asset; behind it, the entire Korean stock sector is getting drained, just grasshoppers on the same string.
Currently, the most dangerous point on the board is the continuous positive funding combined with the price dive. The last time we had this setup was at the end of last year when policy news came out, and the bulls didn't believe it, pushing hard, resulting in three days of explosions, with bull fuel burning layer by layer downwards. OI hasn't been cut yet, indicating that the liquidation hasn't hit the hardest point, and there's still a wall supporting it below, which is likely a target for the bears.
In terms of my strategy, I'm leaning bearish, not doing any left-side bottom fishing. Direction: short. Leverage: 5x. Stop-loss: 205. Take-profit: 185. Position: 10% of total funds. If the price hard-bounces above 200 and holds, I'm closing my position and walking away, no entanglements, no pride on the line. A lot of people in the market think a -9% drop is too much and should rebound, but I don't buy it; the policy pressure hasn't fully played out, and with positive funding, the bull fuel is too thick, this risk-off action isn't finished yet.
For the aggressive: short in around the current price, targeting first at 180 to capture this drop, just don't over-leverage. For the conservative: wait for a bounce back to around 200 to enter a short, stop-loss tightly at 205, and accept a loss if it breaks. What to avoid: don't touch it, wait for funding to turn negative or for OI to clearly drop down, confirming that the bulls have capitulated before considering entry; otherwise, it's easy to get buried by sector aftershocks.
Trade tags: #TradFi #链上美股 #EWY
The market is saying EWY is going up/down, which side are you on?
This wave is being transmitted from the collective sell-off of emerging market risk assets. Trump is back at it with trade policy talk, and as soon as he opens his mouth, export-driven economies like South Korea get hurt first. Once the exchange rate expectations are compressed, foreign capital runs faster than anyone else, and EWY, as an on-chain reflection of US stocks, drops without missing a beat. Don't see it as an independent asset; behind it, the entire Korean stock sector is getting drained, just grasshoppers on the same string.
Currently, the most dangerous point on the board is the continuous positive funding combined with the price dive. The last time we had this setup was at the end of last year when policy news came out, and the bulls didn't believe it, pushing hard, resulting in three days of explosions, with bull fuel burning layer by layer downwards. OI hasn't been cut yet, indicating that the liquidation hasn't hit the hardest point, and there's still a wall supporting it below, which is likely a target for the bears.
In terms of my strategy, I'm leaning bearish, not doing any left-side bottom fishing. Direction: short. Leverage: 5x. Stop-loss: 205. Take-profit: 185. Position: 10% of total funds. If the price hard-bounces above 200 and holds, I'm closing my position and walking away, no entanglements, no pride on the line. A lot of people in the market think a -9% drop is too much and should rebound, but I don't buy it; the policy pressure hasn't fully played out, and with positive funding, the bull fuel is too thick, this risk-off action isn't finished yet.
For the aggressive: short in around the current price, targeting first at 180 to capture this drop, just don't over-leverage. For the conservative: wait for a bounce back to around 200 to enter a short, stop-loss tightly at 205, and accept a loss if it breaks. What to avoid: don't touch it, wait for funding to turn negative or for OI to clearly drop down, confirming that the bulls have capitulated before considering entry; otherwise, it's easy to get buried by sector aftershocks.
Trade tags: #TradFi #链上美股 #EWY
The market is saying EWY is going up/down, which side are you on?