📊 $ONG — SHORT-TERM MARKET ANALYSIS
$ONG’s earlier short squeeze appears to have peaked around 0.228, followed by a sharp reversal toward 0.118.
📉 L/S Ratio: 1.43 — traders have now flipped long.
💰 Funding: -0.14% — still negative, but less extreme than before.
🔻 OI: -11.6% while price was reported up 11.89% — momentum lacks fresh positioning.
⚡ 24H Liquidations: $9.71M, nearly double the previous $5.07M.
🎯 My read: The original squeeze has likely played out. With the crowd now long and OI falling, the setup looks more fragile.
👀 Watch funding + OI closely. If OI continues falling while price weakens, another downside move becomes more likely.
⚠️ Not a clean long chase here. Manage risk & DYOR.#TaiwanTAIEXRetakes46500OnChipRally #BitcoinHoldsNear$79400 #OktaCrowdStrikeSurgeOnEarningsBeat #WTICrudeRises1.6%To$84
$ONG’s earlier short squeeze appears to have peaked around 0.228, followed by a sharp reversal toward 0.118.
📉 L/S Ratio: 1.43 — traders have now flipped long.
💰 Funding: -0.14% — still negative, but less extreme than before.
🔻 OI: -11.6% while price was reported up 11.89% — momentum lacks fresh positioning.
⚡ 24H Liquidations: $9.71M, nearly double the previous $5.07M.
🎯 My read: The original squeeze has likely played out. With the crowd now long and OI falling, the setup looks more fragile.
👀 Watch funding + OI closely. If OI continues falling while price weakens, another downside move becomes more likely.
⚠️ Not a clean long chase here. Manage risk & DYOR.#TaiwanTAIEXRetakes46500OnChipRally #BitcoinHoldsNear$79400 #OktaCrowdStrikeSurgeOnEarningsBeat #WTICrudeRises1.6%To$84
