PIEVERSE's recent performance is indeed interesting. Watching the clock approaching 8:30 PM, if the price still cannot break the key level of 0.9, the rebound momentum may weaken. I entered a small short position at 0.875, with a stop loss set at 0.93.
The main logic is based on the change in funding rates. A while ago, the funding rate dropped to around -0.1%, and my order at 0.915 was based on this judgment. Now that the rate is about to turn positive, it indicates that market sentiment may be reversing, which could increase short-term pressure. Since the fundamental signals are changing, I will adjust my strategy accordingly, lowering the entry point for shorts to improve the risk-reward ratio.
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ShitcoinArbitrageur
· 01-10 13:06
The fee rate adjustment has started after becoming positive; this round is quite interesting.
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GasFeeDodger
· 01-08 19:18
Once the fee rate turns positive, I have to start running. I'm too familiar with this trick.
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hakcan
· 01-07 14:51
All the tokens are given to 10 people, whoever buys this must be an idiot.
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hakcan
· 01-07 14:51
$PIEVERSE There is no trading but it doesn't go down 😁
profits profits
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NonFungibleDegen
· 01-07 13:52
bruh the funding rate cope is real but ngl 0.9 is looking pretty spicy rn... might ape in if it dumps harder lol
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BearMarketBro
· 01-07 13:44
The fee rate has been normalized, so I really need to change my approach. I'm a bit hesitant to drop below 0.875; I need to see if I can go back to 0.92 before making a move.
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BearMarketBuilder
· 01-07 13:43
It's really a bit risky if 0.9 can't be broken. Be careful when the fee rate turns positive.
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UnluckyMiner
· 01-07 13:24
The signal of fee rate normalization still needs to be taken seriously, but entering at 0.875 is indeed a bit aggressive.
PIEVERSE's recent performance is indeed interesting. Watching the clock approaching 8:30 PM, if the price still cannot break the key level of 0.9, the rebound momentum may weaken. I entered a small short position at 0.875, with a stop loss set at 0.93.
The main logic is based on the change in funding rates. A while ago, the funding rate dropped to around -0.1%, and my order at 0.915 was based on this judgment. Now that the rate is about to turn positive, it indicates that market sentiment may be reversing, which could increase short-term pressure. Since the fundamental signals are changing, I will adjust my strategy accordingly, lowering the entry point for shorts to improve the risk-reward ratio.
Let's see where it can go next.