$AAOI 24 Hours pulled 7.974%, price 197.15, on-chain perpetual funding rate 0.00043536, longs paying shorts, the sentiment is overheated with no real washout.
Although the funding rate is positive, OI is only 7924.85, which doesn't align with this surge. In other words, the pump doesn't seem like new money flowing in, but rather existing longs getting overly bullish and chasing highs, while the funding rate quietly eats into profits. I've seen this funding rate and price surge combo lead to short-term tops too many times.
I took action directly, no beating around the bush:
Direction: Short $AAOI USDT perpetual contract
Leverage: 5x
Stop Loss: 200.5 (if it breaks through the previous high resistance, I'm out)
Take Profit: 185 (looking for a pullback near the 20-day moving average)
Position Size: 10% of total capital
The longs are just burning cash waiting for a relay, haven't seen any new funds stepping in, this top won't hold for long.
Trade Tag:
#BinanceFutures #TradFi #USDⓈM
#AAOI #AAOIUSDT $AAOI