$BULLA 🔴 BEARISH PRESSURE BUILDING
$BULLA is starting to show signs of weakness, with open interest reportedly dropping by around $30M. That suggests leverage and positioning are being flushed from the market. 📉
If sellers continue to control the price action, the 45 area could become an important downside level to watch before any further move.
📌 KEY FOCUS: • Open interest: ↓ ~$30M • Bias: Bearish while selling pressure remains • Downside level: $45 • Watch for confirmation before entering
⚠️ OI changes alone don’t guarantee a dump. Wait for price confirmation and manage risk carefully.
#short
$BULLA is starting to show signs of weakness, with open interest reportedly dropping by around $30M. That suggests leverage and positioning are being flushed from the market. 📉
If sellers continue to control the price action, the 45 area could become an important downside level to watch before any further move.
📌 KEY FOCUS: • Open interest: ↓ ~$30M • Bias: Bearish while selling pressure remains • Downside level: $45 • Watch for confirmation before entering
⚠️ OI changes alone don’t guarantee a dump. Wait for price confirmation and manage risk carefully.
#short
