Still waiting for a big bullish candle to welcome you, brothers, $ASTR —save yourself on this round. The leveraged longs have been doubling over in half an hour, yet the price just keeps grinding in place and won’t move up even a step. Open interest has been shrinking all along; even the longs are unloading. Others still think this is a shakeout—I can already smell liquidation: spot funds have had uninterrupted net outflows for three hours. On the order book, sell orders are sitting on top of buy orders at nearly three times the amount. This isn’t a shakeout; it’s the main force clearing their hand and casting the net. The fuller the position you pile up, the more decisively it will get slammed—don’t blame anyone later for not warning you.
