🚨 $BEAMX IS PUMPING, BUT RETAIL IS STILL BETTING AGAINST IT. 👀
Price is up 39.11%, and Open Interest has climbed 7.5% to around $21M in just four hours. Meanwhile, 58% of retail accounts are short, while top traders by position size remain 58% long.
That’s an interesting divergence. Funding is still near neutral at +0.01%, so the long side isn't overcrowded yet.
But there's one hurdle: a $431K sell wall near 0.004751. If buyers absorb that supply and break through, those crowded retail shorts could add fuel to another leg up.
The key is how $BEAMX reacts around 0.004751. A clean breakout could put the shorts under pressure. 🫡
$BEAMX
Price is up 39.11%, and Open Interest has climbed 7.5% to around $21M in just four hours. Meanwhile, 58% of retail accounts are short, while top traders by position size remain 58% long.
That’s an interesting divergence. Funding is still near neutral at +0.01%, so the long side isn't overcrowded yet.
But there's one hurdle: a $431K sell wall near 0.004751. If buyers absorb that supply and break through, those crowded retail shorts could add fuel to another leg up.
The key is how $BEAMX reacts around 0.004751. A clean breakout could put the shorts under pressure. 🫡
$BEAMX
