89

Contract Quant Report #89 | The strength is still there, but this wave feels more like a pullback confirmation rather than a chase

Market Status: continuation. The charts are still strong, but all three have shown significant stretches, today I prefer to focus on pullbacks and don't want to chase the tail end.

Top Candidates
1) DRIFTUSDT
- 24h +25.3%, 6h +7.5%, 1h almost flat, OI 1 hour +24.1%, funding rate close to neutral
- Current price 0.02118, about 5.5% away from the 20-day line, indicating it’s still in a strong zone, but no longer at a comfortable low
- Observation Range: 0.0200~0.0202
- Trigger Condition: After a pullback, reclaim 0.0212, with continued volume expansion and OI further increasing
- Invalid Condition: Falling below 0.0200 and failing to reclaim on the bounce, or a significant drop in OI
- I will focus on the pullback for this one and won’t chase the last leg at the current price

2) BULLAUSDT
- 24h +18.8%, slight upward shift in 1h, OI 1 hour +18.7%, funding rate still low
- Price 0.005475, about 2.0% away from the 20-day line, structure is closer to the line than DRIFT, pullback space is clearer
- Observation Range: 0.00534~0.00538
- Trigger Condition: Hold near the 20-day line and then stabilize above 0.00550, with OI continuing to rise
- Invalid Condition: Falling below 0.00530 without strength on the bounce, short-term rhythm likely to weaken
- This one feels more like “wait for confirmation before acting,” not “let's rush in now.”

Alternative Watch / Not Chasing: MAGMAUSDT is still moving, but seems more like a mid-level follow, first watching if it can stabilize around 0.489 before deciding whether to enter.

Risk Warning: All three have already gained, what we fear today is high-level continuation followed by divergence. As long as the pullback isn’t stable and OI doesn’t keep up, it’s better to miss out than to catch the last leg.

In Summary: I prefer to wait for pullback confirmation on DRIFT and BULLA, if I’m going to enter, it’ll be on confirmation, not on emotion.