đ $MINA /USDT: Potential Short Squeeze Amidst Extreme Funding Rates
MINA has dropped 24.26%, hitting the $0.10058 mark. Current data points to a high probability of a local rebound:
đ Key Factors:
Deeply negative funding (-0.2768%): The market is overloaded with short positions, for which traders are paying high fees.
Rising OI: Open Interest has climbed to $89.5M, indicating short accumulation at the lows.
Liquidity overhead: Major clusters of short liquidations are located in the $0.1137 â $0.1254 range.
đą Setup (Counter-trend Long):
Entry: $0.0980 â $0.1005
Stop Loss: $0.0955
Take-Profit: $0.1077 / $0.1137 / $0.1254
â ïž The market is highly volatile. Practice proper risk management and make sure to set stop-loss orders!
MINA has dropped 24.26%, hitting the $0.10058 mark. Current data points to a high probability of a local rebound:
đ Key Factors:
Deeply negative funding (-0.2768%): The market is overloaded with short positions, for which traders are paying high fees.
Rising OI: Open Interest has climbed to $89.5M, indicating short accumulation at the lows.
Liquidity overhead: Major clusters of short liquidations are located in the $0.1137 â $0.1254 range.
đą Setup (Counter-trend Long):
Entry: $0.0980 â $0.1005
Stop Loss: $0.0955
Take-Profit: $0.1077 / $0.1137 / $0.1254
â ïž The market is highly volatile. Practice proper risk management and make sure to set stop-loss orders!
