$PIEVERSE 🚨Rate has started to overheat: -1.09%, let's analyze below:
1. Core Conclusions
- Direction: Long
- Confidence Level: High
- Core Logic: Negative funding rate (-1.09%) coupled with a price increase of 3.6% over 1 hour and a strong rise of 14.4% over 24 hours, with a significant increase in short liquidations recently (reaching $35k at 11:15 PM), PIEVERSE significantly outperforms BTC (+1.7%) and ETH (+3.9%), forming fuel for non-consensus short squeezes.
2. Risk Assessment
- Main Risks: Perpetual trading volume (339 million) is far higher than spot (about 88 million), there may be leveraged manipulation to induce buying, need to be cautious of insufficient spot follow-up leading to a pullback.
- Black Swan Check: None (No related posts on platform X in the last hour, no reports of scams/thefts on CoinGecko, recent news has been positive such as NFT issuance).
3. Operational Suggestions
- Suggested Entry Zone: Near current price (0.662)
- First Take Profit Level: 0.728 (based on 24H volatility of about 10%, near previous high target)
- Stop Loss Level: 0.642 (entry price -3%, or recent support level)
(Chart shows 15m liquidation chart)
