🔸This $AVNT increased by 24% not because it's naturally good, but because the Shorts are as numerous as the Mongol army. A deep negative Funding Rate means the Short side is paying money to the Long side to maintain their positions. Once the price rises a bit more, these Shorts will either get liquidated or have to cut losses, which could drive the price straight up to the 0.4 USD range to wipe out the Shorts' stop losses.
🔸Don't rush in just because it looks green, or you'll become liquidity for them. It's safer to sit tight and wait for a correction to around 0.32 USD before buying in, and if it breaks 0.28 USD, just let it go without regret.
🔹If you want to profit, be patient; wait for a good price, because if you just fomo when it goes up, you can easily get hit hard.
Is anyone fomoing or just waiting for the next rise to block the train?
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🔸This article is not investment advice. The market is always volatile, please consider carefully and invest responsibly.
