Contract Quant Brief #93｜The trend is still intact, but I’d rather wait for a pullback than chase the last leg
Market status:
The continuation is still in place. Funding rates overall remain manageable, which suggests this move isn’t just a pure emotional rush. Today I’ll first watch for a pullback and hold stronger coins around the 20-day line. I don’t really want to hard-chase after a spike.
Top picks
1) BASUSDT
Right now it looks more like a structure of “it’s already up, but it hasn’t broken yet.” The 6-hour gain is sufficient, the 1-hour chart is nearly sideways, and open positions are still decreasing—suggesting there’s been no obvious leverage squeeze.
Observation level: around 0.0444
Trigger: if the pullback holds without breaking and price reclaims and stays above 0.0452, then continue to look for continuation
Invalidation: a drop below 0.0440 means the pullback is turning into a breakdown
Risk warning: it’s fine if it moves slowly, but what’s scary is not being able to get back after the drawdown.
2) BEATUSDT
This one has already pushed quite far. It’s above the 20-day line, so chasing price short term has mediocre cost-effectiveness, but the trend hasn’t been broken yet.
Observation level: around 1.94
Trigger: pull back into the 1.94–1.98 range and stabilize, then look for a second upswing
Invalidation: falling back below 1.93 means the pullback is too deep
Risk warning: it’s better to wait for confirmation now; don’t buy by chasing the surge.
Secondary watch / Not pursuing yet
SLXUSDT: both volume and open interest have increased, but the 1-hour price action is a bit conflicted. Treat it as a backup for now—don’t expand into chasing orders.
One sentence: Today I’d rather wait for BAS’s pullback confirmation. BEA can be watched, but don’t hard-chase. SLX, just watch from the sidelines.
Market status:
The continuation is still in place. Funding rates overall remain manageable, which suggests this move isn’t just a pure emotional rush. Today I’ll first watch for a pullback and hold stronger coins around the 20-day line. I don’t really want to hard-chase after a spike.
Top picks
1) BASUSDT
Right now it looks more like a structure of “it’s already up, but it hasn’t broken yet.” The 6-hour gain is sufficient, the 1-hour chart is nearly sideways, and open positions are still decreasing—suggesting there’s been no obvious leverage squeeze.
Observation level: around 0.0444
Trigger: if the pullback holds without breaking and price reclaims and stays above 0.0452, then continue to look for continuation
Invalidation: a drop below 0.0440 means the pullback is turning into a breakdown
Risk warning: it’s fine if it moves slowly, but what’s scary is not being able to get back after the drawdown.
2) BEATUSDT
This one has already pushed quite far. It’s above the 20-day line, so chasing price short term has mediocre cost-effectiveness, but the trend hasn’t been broken yet.
Observation level: around 1.94
Trigger: pull back into the 1.94–1.98 range and stabilize, then look for a second upswing
Invalidation: falling back below 1.93 means the pullback is too deep
Risk warning: it’s better to wait for confirmation now; don’t buy by chasing the surge.
Secondary watch / Not pursuing yet
SLXUSDT: both volume and open interest have increased, but the 1-hour price action is a bit conflicted. Treat it as a backup for now—don’t expand into chasing orders.
One sentence: Today I’d rather wait for BAS’s pullback confirmation. BEA can be watched, but don’t hard-chase. SLX, just watch from the sidelines.