$INIT Don’t rush into a short! Watch out for a stop-hunt wick first; consider entering at 0.26
Spot-market funds have been flowing out steadily, so there’s a high chance the major players have already cashed out in batches near the top. But the current funding rate of -0.95 shows that plenty of people are still shorting. The market manipulators won’t let shorts profit so quickly in the short term. This suggests the recent pump is meant to shake out contract shorts. The daily chart has now reached a resistance level, and there’s a good chance of a sharp wick liquidating shorts, followed by a sell-off. You can place a short order at 0.26. If it wicks up, your order can catch it. The Square has a delay, so opportunities are always there 👇!!!
#INIT
Spot-market funds have been flowing out steadily, so there’s a high chance the major players have already cashed out in batches near the top. But the current funding rate of -0.95 shows that plenty of people are still shorting. The market manipulators won’t let shorts profit so quickly in the short term. This suggests the recent pump is meant to shake out contract shorts. The daily chart has now reached a resistance level, and there’s a good chance of a sharp wick liquidating shorts, followed by a sell-off. You can place a short order at 0.26. If it wicks up, your order can catch it. The Square has a delay, so opportunities are always there 👇!!!
#INIT
