40% DUMP. SHORTING $NAORIS S HERE. 🛑
Remember NAORIS pumping 55% to $0.050? That was just the beginning.
It ran all the way to $0.06350.
And now? It's getting destroyed.
📉 Current Price: $0.03828 (Down -39% from the high)
📊 24h Change: -4.65% and accelerating
🔥 Volume: 6.8 BILLION NAORIS traded ($305 Million USDT)
THE RANGE COLLAPSE
We went from $0.06350 high to $0.03550 low in a single session. That's a 44% ranget.
OPEN INTEREST CRASH
Open Interest dropped from $11.6M during the pump to $5.45M now.
Translation: Longs are getting liquidated. Margin calls are happening.
THE ORDER BOOK WEAKNESS
Bids below: Thin until $0.03817 (4.3k NAORIS) and $0.03800.
Ask wall at $0.03835: 55k NAORIS sitting there waiting to sell.
4️⃣ FUNDING FLIPPED POSITIVE this is a bull trap
Funding is now at +0.00500% .
During the pump, funding was negative (shorts paying). That fueled the squeeze higher.
THE TRADE SETUP:
Entry: Current market price ($0.03828) or on a bounce to $0.03900
Stop Loss: Above $0.04000 (clean invalidation)
Target 1: $0.03550 (previous low)
Target 2: $0.03200 (air pocket)
Target 3: $0.02800 (full retrace)
If we lose $0.03550, this thing goes to $0.028 faster than you can say "buy the dip."