$AXL Both long positions on $ENSO and #WCTC交易王PK are floating at a loss. I straightforwardly said the logic is correct, just that I wanted to make too much profit.

AXL is currently priced at 0.06592, down more than 3%, yesterday it reached a high of 0.071 with a floating profit of over 6.66%, but it was pushed back again. Where is the problem? Open interest (OI) went from +19% at the time of the signal to -8%, and the position is decreasing, indicating that the bulls are fleeing. I was looking at the surge in OI + short positions paying to enter, thinking the market maker was building a position, but after they finished building, they started unloading. This logic has already failed. Now the funding rate has dropped from -0.049% to -0.025%, and shorts are no longer willing to pay, showing that market sentiment is cooling down.

ENSO is even more uncomfortable, currently priced at 0.9848, nearly 5% loss, and it previously had a floating profit of 10.65% but didn’t escape.

For this coin, I was watching sideways consolidation + funding rate at -0.2%, thinking the market maker was shaking out retail traders, but OI is also decreasing, indicating it’s not a shakeout but both longs and shorts are withdrawing. Although the funding rate is still negative, it has dropped from -0.2% to -0.066%, shorts are closing positions and leaving, not a short squeeze.

What should I do?

For AXL, I suggest moving the stop-loss up to 0.062, lowering the target to 0.075, and if it breaks below 0.062, just get out.

For ENSO, keep the original stop-loss at 0.91, lower the target to 1.10, the sideways consolidation logic still applies, but be prepared to grind through the time.

This mistake exposed a problem: I only looked at the OI data at entry and didn’t track it continuously. A decreasing OI is the clearest bad signal, indicating the market is retreating, not building positions.

In the future, I need to add a “continuous OI monitoring” step: check OI changes every hour after entry, and if it keeps decreasing, be alert.