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#ETH This will be a very classic trend case, the price is moving sideways, OI has been rising, and Delta has been declining, which means that short positions are continuously building a position, but the price cannot go down.
There will be two possibilities:
1. The market maker has been buying in the spot market, causing the contract price to be unable to fall, and a major pump may follow.
2. The market maker keeps buying in the spot market to maintain the price while simultaneously building short positions in the contracts. Next, a massive crash will wipe out the accumulated long liquidity at this position.
Entering on the left side now does carry a high risk, but the position is excellent.
Wait for a right-side entry, you can wait for a drop below 3820 and then re-enter if it doesn't break.
There is also a possibility of forming the same AMD model as last night here, first by spiking up to sweep a wave of short positions liquidity, and then smashing down, allowing the dealer to profit from both sides.