Open interest jumped 22% on the rally, and funding sits at the 2nd percentile of its last 90 readings. From what I've seen, crowded shorts against a fresh trend tend to fuel the next leg.
**Recap ($MAGMA, 19:55):** The long needed a 1h close above 0.4300. High since then 0.4264, so **not triggered**. Low 0.4150, stop 0.4080 untouched. No P&L.
**$LSK now**
- 0.2774, +36.4% 24h (range 0.1969–0.2949), +78% from the Oct 26 low. 1h RSI 76.
- Funding -0.631% per 4h, **2nd percentile** of the last 90.
- OI 37.33M → 45.67M LSK (+22.3%, 24h).
- Top traders 1.22 long, all accounts 1.55 long. Taker buy/sell 0.98 (last 1h).
**Call: long only on breakout.**
- **Stop 0.2660** (below the 20:00 low)
- **Trigger:** 1h close above 0.2949 (24h high, capped the 19:00 and 20:00 candles)
- TP1 0.3100 (Oct 2 high) · TP2 0.3362 (Sep 28 high)
No close above 0.2949, no trade. I stay flat.
**Short squeeze through 0.31, or a double top at 0.29? Drop your call below.**
*Not financial advice. Data: Binance Futures API, 20:47 Taipei.*
#ShortHunter