Go long! Three reasons:


1. The meme coin track is hot
2. Funding rate -0.016% shorts are paying money
3. The long ratio is from 54% to 59%, retail investors are starting to shift, the logic is solid!

I entered long at 0.$BONK , with a stop loss at 0.004828 leaving 12% room

This coin's market looks interesting, open interest is flat +0.7% but the price isn't moving, a typical shakeout structure. Shorts are dominant but the funding rate is negative, indicating shorts are paying longs. Under this structure, the market maker won't let shorts stay comfortable for long

Retail investor sentiment is just starting to turn bullish, not yet at the crazy stage. Entering at this position isn't considered chasing the high. The logic of meme coins is sentiment + funding rate cooperation, now both conditions are met

Watch 0.006803, if broken, target 0.007461, 10% position is enough. Meme coins are highly volatile, don't go all-in!
BONK2.44%
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