🚀 $0G /USDT: Short squeeze at its peak. Are we getting ready for a pullback?
The asset showed a vertical pump from $0.165 to $0.235 (+36%). The growth occurred against the background of negative funding (-0.356%) and massive shorts elimination, but local buyers are starting to lose strength.
🔑 Key factors:
High OI and exhaustion: Open interest reached 46.55M, but a long upper shadow and a volume surge appeared at the top (Blow-off Top).
Whale pressure: In the last 10 minutes, net sales from whales exceed purchases ($254K vs. $164K).
Breakout from EMA: The price broke away too far from EMA 30 ($0.1820).
🔴 Trading setup (Short):
Entry: $0.2280 – $0.2340
Take profits: $0.2080 / $0.1920 / $0.1800
Stop loss: $0.2410
⚠️ Remember about negative funding. Follow risk management (no more than 1–2% of the deposit per trade)!
The asset showed a vertical pump from $0.165 to $0.235 (+36%). The growth occurred against the background of negative funding (-0.356%) and massive shorts elimination, but local buyers are starting to lose strength.
🔑 Key factors:
High OI and exhaustion: Open interest reached 46.55M, but a long upper shadow and a volume surge appeared at the top (Blow-off Top).
Whale pressure: In the last 10 minutes, net sales from whales exceed purchases ($254K vs. $164K).
Breakout from EMA: The price broke away too far from EMA 30 ($0.1820).
🔴 Trading setup (Short):
Entry: $0.2280 – $0.2340
Take profits: $0.2080 / $0.1920 / $0.1800
Stop loss: $0.2410
⚠️ Remember about negative funding. Follow risk management (no more than 1–2% of the deposit per trade)!
