$DRAM days down almost eight points, price crashed to 72.44, funding rate still holding at 0.000246, bulls are really holding strong, putting real cash on the line for protection fees. The semiconductor sector is just like this; any little breeze in the US-China tech rivalry, and rumors of chip export controls hit the charts hard, no negotiations.
The market structure is quite honest: a positive rate indicates the bulls haven't given up, but the price is sliding down, and OI still has 950,000 dollars not really shrinking, a classic case of bulls getting trapped and averaging down hard. This structure is the most fragile in the face of political events; just one more piece of news on sanctions, and a cascade of liquidations could trigger a sharp drop.
My position is pretty straightforward, shorting $DRAM with five times leverage. Stop-loss above the previous high at 76.5, and I'm eyeing a take-profit around 65, which gives me about ten more points of meat. I'm allocating 20% of my capital, not going all in; in this market, full position is just handing out free money. I’ll consider adding to my position on the right side if it effectively breaks below 70. If any congressman from Washington pops up again tonight with a chip proposal, this trade could really pay off.
Trading tag: #TradFi #链上美股 #DRAM
How significant is the impact of policy changes on DRAM?
The market structure is quite honest: a positive rate indicates the bulls haven't given up, but the price is sliding down, and OI still has 950,000 dollars not really shrinking, a classic case of bulls getting trapped and averaging down hard. This structure is the most fragile in the face of political events; just one more piece of news on sanctions, and a cascade of liquidations could trigger a sharp drop.
My position is pretty straightforward, shorting $DRAM with five times leverage. Stop-loss above the previous high at 76.5, and I'm eyeing a take-profit around 65, which gives me about ten more points of meat. I'm allocating 20% of my capital, not going all in; in this market, full position is just handing out free money. I’ll consider adding to my position on the right side if it effectively breaks below 70. If any congressman from Washington pops up again tonight with a chip proposal, this trade could really pay off.
Trading tag: #TradFi #链上美股 #DRAM
How significant is the impact of policy changes on DRAM?