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Brothers, little sister is staring at $UB this 30-minute candlestick, and she's a bit amused 😤
The trading volume on these candles gets thinner and thinner, yet the price still stays high and unmoving — not preparing for a big move, but waiting for the bulls to lose their grip. The funding rate is positive, with longs paying out every 8 hours. They've already pulled out so many times, and all they get in return is a flat line.
Little sister did some calculations: right now, the long positions are stacking up thicker and thicker, stop-loss orders are all piled below, and the market manipulators are too lazy to push the price up — they’re just waiting for that pile of orders to turn into their snacks.
Brothers should focus on two things: which 30-minute volume candle will completely collapse, and when the funding rate will start to turn — $UB , most likely, this pile of longs will change hands 🔥.