$SOL 105.5 USDT: Bulls are pressing against the $106 resistance—Shorts, watch out or you’ll get cooked!
Binance derivatives data:
• Top Trader L/S: 2.15 (68.2% of big players are firmly leaning Long).
• Derivatives OI: 947 million USDT (nearly $1 BILLION tightly coiled ahead of the US market open).
• Funding rate: a steady 0.01%, with 24h volume topping 178 million USDT.
Scenario: A decisive break above the $106 resistance could trigger a short squeeze straight to $110. Look to buy the dip around the $102–$103 support if there’s a wick sweep—whatever you do, don’t stand in front of the train.
Are you riding the whales’ Long positions, or planning to place a Short order against the train?
$SOL $BTC #BinanceSquare #Trading #Crypto #Solana
Binance derivatives data:
• Top Trader L/S: 2.15 (68.2% of big players are firmly leaning Long).
• Derivatives OI: 947 million USDT (nearly $1 BILLION tightly coiled ahead of the US market open).
• Funding rate: a steady 0.01%, with 24h volume topping 178 million USDT.
Scenario: A decisive break above the $106 resistance could trigger a short squeeze straight to $110. Look to buy the dip around the $102–$103 support if there’s a wick sweep—whatever you do, don’t stand in front of the train.
Are you riding the whales’ Long positions, or planning to place a Short order against the train?
$SOL $BTC #BinanceSquare #Trading #Crypto #Solana