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Others see a 95% win rate and assume a guaranteed win, but a closer look at the $22.7M open interest reveals a more nuanced story. Smart money is quietly loading at these levels.
$HYPE - LONG
Trade Plan:
Entry: 66.815 - 66.881
SL: 65.845
TP1: 67.516
TP2: 68.185
TP3: 69.188
Why this setup?
The funding rate is negative at 0.0046%, and the mark price is 66.773, which is below the entry price of 66.848, a delta of 0.11%. With a wallet track record of 19/20 wins and a PnL of $1,047, this trade has a solid foundation. Momentum fading, not reversing.
Debate:
What happens if the open interest drops significantly, will the trade still be valid or will it lose its catalyst
$HYPE
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