Yammy天使

$SOL fell 4.2%. At around 23:00 last night, roughly 105 million U was dumped, breaking through the level. At 01:00, it plunged to 105.62, but the rebound couldn't clear 110.8. Short at 110.5, stop-loss at 111.2.

October 9, Binance Chinese Community Morning News
——Angel’s Homemade

$ENA 24h down 4.95% to 0.2212. Over the same period, BTC fell 1.55% and ETH fell 1.78%, while ENA's decline was more than three times BTC's. Gate perpetuals recorded a daily high of 0.24082 and a low of 0.21479, with 24-hour volume of about 10.3 million U.

Price action: After surging to the daily high of 0.2408 at 14:00 yesterday, the highs kept moving lower. At 19:00, the price fell back to 0.228, then spent the rest of the night ranging between 0.223 and 0.233. Today at 11:00, it broke below 0.224. At 12:00, about 1.31 million U in volume over one hour drove it down to the daily low of 0.2148. From 07:00 to 11:00, hourly volume was only 200,000–310,000 U, so volume surged more than fourfold in that hour. It rebounded to 0.2226 at 13:00 and is now around 0.221.

Reason: At midday, BTC plunged to 82151, prompting traders to cut high-beta altcoins first. ENA, with relatively thin trading volume, fell even harder. The funding rate is +0.0031% (4h), and the mark price at 0.2213 is close to the index price at 0.2215. Neither side is crowded, so there's no fuel for a short squeeze.

Conclusion: The 0.223–0.224 range, where the price consolidated throughout the night, has now turned into resistance. Consider lightly shorting a rebound to 0.2235–0.2245, with a stop-loss at 0.2275. First target: 0.2148; if that breaks, look to 0.21. If BTC reclaims 83400, close the short first.

$LINK fell 3.2%. At 11, it crashed through 13.23 and plunged to the day's low of 13.133, with no bounce. Short at 13.28, stop at 13.37.

$WLD fell 5.59%, now at 0.5201. BTC fell 2.29% over the same period, and WLD’s drop is more than twice the broader market’s. Gate perpetuals hit a daily high of 0.5514 and a daily low of 0.5082, with 24h trading volume of about 25.85 million U.

Price action: Yesterday at 10:00, a large bearish candle of about 4.04 million U in size pushed the price straight down from 0.542 to 0.51, which was the main decline for today. At 15:00 it bounced to 0.5294, but failed to reach 0.53 and turned back down; after that, the highs kept drifting lower. At 23:00, about 2.07 million U pushed it down to the daily low of 0.5082, where it was bought up. At 01:00 it tested 0.5088 again but did not break lower, so the 0.508 area can be considered a double bottom. This morning from 7:00 to 8:00 it rebounded to 0.5285, again turning down below 0.53, and by 9:00 it was back at 0.52.

Reason: BTC led a risk-off move, and funds first cut high-beta altcoins. Each rebound in WLD has been capped by 0.53. The funding rate is -0.0123% (8h), and the mark price at 0.5201 is slightly below the index price of 0.5207, meaning shorts are paying, but the squeeze is not yet severe enough to cause a liquidation spike.

Conclusion: The range is 0.508–0.53; lean short near the top. Light short at 0.526–0.528, stop loss at 0.533, target 0.51; if it breaks 0.508 on strong volume, then look for 0.50. If it stabilizes above 0.53, admit the mistake and exit. Funding is negative, so don’t overleverage short positions.

October 8, Binance Chinese Community Morning Briefing
— Made by Angel

$ORCA fell 10.5%, testing 2.676 at 21:00 last night. Funding rate: -0.14%; shorts are crowded. Small long at 2.83, stop-loss at 2.75.

$TRUMP is down 8.75%, currently at 1.836, still hovering near the intraday low. Gate's daily high is 2.027; the daily low was 1.725 at 10:00 today.

Price action: It traded sideways around 2.00 from the early hours until 8:00. It started breaking below 2 at 9:00, then at 10:00 it plunged straight to 1.725 in an hour on roughly 5.4 million U, and was immediately bought back up to 1.889. The problem is that it failed to rebound afterward: the high at 14:00 was 1.904; at 17:00, roughly 1.55 million U pushed it below 1.85; at 21:00, roughly 2.83 million U sent it down to 1.827 again. The highs kept getting lower.

Why: First, BTC is weak too, currently at 83145, down about 2.8%. The morning plunge coincided with BTC's sell-off between 9:00 and 10:00. Second, the funding rate is -0.0182% (4h), negative for four consecutive periods. Shorts keep paying, yet the price is still falling, which suggests the selling pressure is real—not just shorts pushing the price down on their own.

Conclusion: Don't chase shorts. Below 1.83, it's close to the 10:00 wick, and short positions are crowded too. Consider a light short on a rebound to 1.86–1.865, with a stop at 1.885 and a target of 1.80. If it reclaims 1.885 on high volume, shorts are getting squeezed—exit immediately.

$ONDO is down 8.9%. At 10:00 it dipped to 0.455, rebounded to 0.476, then weakened; it’s now near 0.46. Short at 0.468, stop-loss at 0.475.

At $NMR 20, a massive bearish candle sent roughly 2.04 million U crashing from 16.17 to 14.578. The deepest drop in an hour was about 9.9%, setting a new daily low. It’s now at 14.73, down 7.3% over 24 hours. Gate’s daily high was 17.799 at 10 a.m. today, with a range of about 22% and roughly 22.6 million U in trading volume.

Price action: It surged to 17.8 twice, at 10 a.m. and noon, but couldn’t hold there. After that, each high was lower: 17.22, 17.06, and 16.96, before it crashed at 8 p.m. BTC fell only about 0.3% in the same hour. This sell-off was driven by NMR’s own selling pressure, not by the broader market.

The key thing to watch is the funding rate: it’s currently -0.1672%, with settlements every hour. For the previous six hours, it stayed between -0.11% and -0.13%. Shorts are paying every hour, and the mark price of 14.705 is about 1.4% below the index price of 14.917, so short positions are already very crowded.

Bottom line: Don’t chase the short here—the cost of shorting at this level is too high, and a rebound could squeeze shorts at any moment. Wait for a bounce to 15.4–15.6 before opening a small short, with a stop-loss at 15.96 and a target of 14.58. If it climbs back above 15.96 on strong volume, a short squeeze is beginning—close the short immediately.

$SOXL is down 6%. From 16:00, it plunged for four consecutive candles to 155, each closing near the low. Short at 157, stop at 159.

$US 24h is up 16.7%, currently at 0.01472; BTC is down 2.4% to 83880, and it has barely followed. Gate perpetuals hit a daily high of 0.015401 (at 20:00 last night) and a daily low of 0.012583, with a range of about 22%, roughly 7.78 million U in volume, and a funding rate of +0.005% (4h).

Price action: All the gains came yesterday afternoon. Around 16:00–18:00, roughly 2.27 million U in volume drove it from 0.0120 to 0.0145, followed by a spike to 0.0154 at 20:00. It then stayed stuck between 0.0140 and 0.0154 for a full day. Three attempts at 23:00, 05:00, and 10:00 to reach 0.0153–0.0154 all failed. When BTC sold off at 10:00 today, it dipped to 0.0140 before buyers stepped in; it retested 0.01387 at 14:00 but recovered.

Why: The funding rate is only +0.005%, so longs aren't crowded, and buyers are stepping in on dips. But volume has shrunk from 700,000–1 million U per hour last night to just over 100,000 U per hour now, leaving it without enough fuel to break the previous high.

Conclusion: Consider a light long on a pullback to 0.0142–0.0144, with a stop-loss at 0.0138 and targets at 0.0153 and 0.0154. Add only if it breaks above 0.0154 on strong volume. A drop below 0.0138 would signal distribution—don't hold on.

$PUMP is up 5% against BTC, currently at 0.0066 and hitting a daily high. Go long on a pullback to 0.0064; stop-loss at 0.0063.

$RLC rode a roller coaster in a single day: Gate perpetuals at 0.70, down 11% in 24h. Intraday high: 1.0928 (yesterday at 19:00); low: 0.6446 (today at 10:00); range: around 70%; 24h volume: about 71.13 million U.

Market action: Yesterday at 13:00, about 11.53 million U pushed it from 0.75 to 0.95. At 19:00, it surged again to 1.0928; at 20:00, about 7.22 million U dumped it straight back to 0.85, wiping out the entire rally. It then drifted down overnight to 0.74. At 10:00 this morning, it followed BTC lower, plunging to 0.6446 before rebounding to 0.72. It is now hovering around 0.70 on declining volume.

Why: The rally was driven purely by buying pressure, with no follow-through. BTC dropped to 83512 this morning and is now at 84125, down 1.79%; high-volatility small-cap coins were among the first to be sold. Funding is -0.0337%, settled every hour, so shorts are constantly paying.

Bottom line: Don’t chase the rebound or rush to buy the dip. Consider a small short on a bounce to 0.735–0.745, with a stop at 0.765 and a target of 0.6446; invalidate the setup if price reclaims 0.765 on strong volume. Funding is heavily negative, so don’t hold shorts for too long. Keep position size to 10% or less.

$DOT fell 8%. At 10:00, about 2.97 million U was dumped, pushing it down to 1.093; it's now at 1.123. Short the rebound at 1.15, with a stop-loss at 1.17.

$ZRO is moving against the broader market: BTC is down 0.56% over 24h, while it’s up 9.7%. Its Gate perpetual is currently at 2.259, with a daily high of 2.297 and a low of 2.058. The trading range is about 11.6%, the funding rate is +0.005% (4h), and 24h trading volume is around 3.17 million U.

Price action: From 20:00 to 22:00 last night, three consecutive bullish candles formed, each with about 210K–260K U in volume, pushing the price from 2.16 to 2.22. At 23:00, about 320K U in volume drove it up to the daily high of 2.297, but it failed to hold and pulled back to 2.25. At 01:00, about 280K U in selling pushed it down to 2.161, but it recovered to 2.225 within the same hour. At 03:00–04:00, it tested 2.284 and 2.289 again, then moved sideways in a narrow 2.24–2.28 range. Each pullback low has risen, from 2.161 to 2.232, 2.24, and 2.25.

Reason: It’s rising while BTC is falling, driven by its own inflows rather than following the market. The funding rate is only +0.005%, so longs aren’t crowded, and this rally has solid backing. However, in the past few hours, volume per candle has dwindled to just tens of thousands of U, suggesting fewer traders are chasing the move.

Conclusion: Don’t chase at 2.29. If it pulls back to 2.24–2.25 and holds, consider a small position, with a stop-loss at 2.21. First target: 2.297; add only if it breaks above that level on strong volume. If it falls below 2.16, this rally is over—exit immediately.

$AVAX is up 5.8%. BTC is falling while it rises; it broke above 11.69 last night and touched 11.71. Follow if a pullback holds above 11.6; exit if it breaks below 11.5.

$ENA The broader market is green while it’s red; down 4.7% in 24h, clearly very weak.

Market: Gate perpetuals are at 0.2354, the day high was 0.2552 (4 a.m. yesterday), the day low was 0.2338, with an amplitude of about 9%, funding rate 0.005% (4h), and trading volume of about 9.5 million U. After the peak, it has been stepping down all the way; rebound highs of 0.2530, 0.2465, 0.2424, and 0.2416 are progressively lower. Today at 0:00, about 740k U came in, breaking through 0.2373, and at 1:00 it tested the day low of 0.2338.

Reason: BTC is still +0.3%, so this is not being dragged down by the broader market. It’s just ENA lacking buyers; every rebound with volume gets sold back down.

Conclusion: Bearish, do not buy the dip. If the rebound at 0.238 cannot break through resistance, continue to watch for weakness; if 0.2338 breaks, look for 0.230; if it can reclaim 0.242 on volume, then admit the mistake.

$TRB is up 14.7%. Volume surged to about 680K U at 22:00; it peaked at 22.89 at 23:00 and is now at 22.83. Hold above 22.2; exit if it breaks below 21.9.

$INJ is up 3.5%, while BTC is only +0.27% and ETH and SOL are basically flat. It’s moving on its own.

Market: Gate perpetuals are trading at 7.86, up 3.53% over 24 hours, with a daily high of 7.932 and low of 7.42. The range is about 6.9%, and the funding rate is +0.01% (8h). It dipped to 7.42 at 10 p.m. last night, then spent the day grinding back and forth around 7.5–7.7. Starting at 3 p.m., it climbed a step each hour. At 6 p.m., volume of about 380K U pushed it above 7.74; at 8 p.m., a roughly 700K U candle drove it to 7.892; at 9 p.m., it pushed up to a new daily high of 7.932. It has now pulled back to 7.86.

Why: The broader market has no clear direction, with BTC, ETH, and SOL all within ±0.3%. Money is picking older coins that can move independently. The funding rate is only +0.01%, so the trade isn’t crowded, and longs haven’t piled in yet.

Conclusion: Slightly bullish, but don’t chase. If it pulls back to 7.82–7.83 (the 9 p.m. low) and holds, enter with a small position. A sustained move above 7.93 could bring a new high; if it falls below 7.75 (where the 8 p.m. rally began), exit for now.