Contract Quant Report
#79 | Continuation is still on, but I'd rather wait for a pullback confirmation, not in a rush to chase the hottest.
The market continues its structure, and the funding rate is overall manageable, indicating this wave isn't just pure emotional top. Today, I'm keeping an eye on CRV and PYTH, while XPLUS will only be on my watchlist, not treating it as a formal chase target.
CRVUSDT: The gains have already been printed here, with a bit of pullback in the 1-hour, but the 6-hour trend is still in play, and OI in the 1-hour is still climbing, no clear signs of distribution yet. The observation zone is 0.253-0.256; if it can reclaim above 0.259 and hold, it looks more like a continuation; if it fails, watch below 0.248, and if it doesn’t reclaim on a pullback, I’ll set it aside for now.
PYTHUSDT: The trend is also relatively strong, with a light funding rate, and OI in the 1-hour is still increasing, falling into the category of 'still has room to run but not hot enough to warrant defense.' The observation zone is 0.0375-0.0380; if it triggers, we’ll see if it can continue to increase volume around 0.0384; failure point is below 0.0369, and if it drops back, it can easily revert to a range.
XPLUSDT: The 6-hour shot up more aggressively, but OI in the 1-hour has slightly decreased, suggesting a need for caution on continuation; I'm only treating it as a backup watch, not chasing expansion.
Risk Warning: After consecutive surges, the biggest fear is chasing at the end of acceleration. Although the funding rate isn't high, it doesn't mean there won't be a washout first. My approach is straightforward: wait for a solid pullback confirmation, and if there’s no confirmation, I’ll keep my impulse in check.