$DEXE Don't think that just now hitting $2.17 means the long side is collapsing—this looks more like a plainly signaled bait-and-fake squeeze trap.
In the past 24h, the price is up +23.3%, and trading volume has broken through $28M. The hardest evidence is that the funding rate has already been driven to an extreme negative value of -0.137%. The short seller who entered and ran when price surged to $2.64 and then rolled over is now, every 8 hours, paying protection fees to the longs.
Now what bulls vs. bears are fighting over isn’t a short-term pullback, but which batch of short-chasing positions pinned near $2.20 will be forced to stop-loss first.
Watch the $2.20 structure defense line: as long as it holds, the upward squeeze pressure isn’t over yet. Once $2.42 is reclaimed, it will trigger the next targeted blast; if $2.20 is broken with volume, then this second-leg rebound will be considered invalid.
When $2.17 was dumped just now, were you the one who chased shorts into the falling knife? Comment below and let us know you’re okay.
#暗影萨满 #DEXE #On-chain hunter
In the past 24h, the price is up +23.3%, and trading volume has broken through $28M. The hardest evidence is that the funding rate has already been driven to an extreme negative value of -0.137%. The short seller who entered and ran when price surged to $2.64 and then rolled over is now, every 8 hours, paying protection fees to the longs.
Now what bulls vs. bears are fighting over isn’t a short-term pullback, but which batch of short-chasing positions pinned near $2.20 will be forced to stop-loss first.
Watch the $2.20 structure defense line: as long as it holds, the upward squeeze pressure isn’t over yet. Once $2.42 is reclaimed, it will trigger the next targeted blast; if $2.20 is broken with volume, then this second-leg rebound will be considered invalid.
When $2.17 was dumped just now, were you the one who chased shorts into the falling knife? Comment below and let us know you’re okay.
#暗影萨满 #DEXE #On-chain hunter