Upbit Listing Turned the Tide: $HOME


HOME continues its upward move with volume returning after the Upbit listing news.

It's reached the $0.010 to $0.012 zone I mentioned in the post below.

Funding rate has been negative for hours and shorts keep paying longs every 4 hours. The rate is quite high and could start wearing out the short side at some point.

Long/Short ratio is below 1. Shorts are dominant and combined with the funding rate data this strengthens the short squeeze case even further.

+$1B in perps volume for a token with a $48M market cap is significant. $74M in spot volume is backing it up and OI is at $77M. I'm seeing a healthy structure here.

Looking at levels, I think they could target the liq clusters on the heatmap. Clusters exist up to $0.015 and then there's a big gap up to $0.030.

With sustained volume and short liquidations a move toward $0.045 is possible, though the continuation of these parameters matters.

We've been in since $0.008. Taking some profit wouldn't hurt.