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$MANTRA Follow the long direction.
Right now the funding rate is already deeply negative. I think there may be a round of a quick short-squeeze move to test the MA7 resistance level on the 1-hour timeframe, as it attempts to reclaim it.
You can watch the entry zone around 0.006688 to 0.006859. For the upside, look around 0.007050 to 0.007271. Set the stop/defense at 0.006487. Also, you can keep an eye on the upside opportunities for $SNDK and $AKE .
Mind the risk: if the 1-hour MA25 support can’t hold, the long thesis will fail immediately. Don’t go all-in—control your position size based on your own account.