đ„ Is AI making a foolish move on Shorts and blocking the $ZEN ship at the 7.0 USDT mark? Bewareâyour account could get wiped!
Donât see ZEN building a pillar +13.1% in 24h and rush into a Short at the top to get trapped and liquidated. Derivatives data on Binance is pointing to a deadly trap for the Bears:
1. Retail is hesitating, Top Traders are accumulating Longs overwhelmingly: Retailâs Long/Short ratio is only 1.23 (with up to 44.9% of accounts holding Shorts to block the move). Meanwhile, the Top Trader Long/Short Ratio jumps to 2.48âover 71.2% of large positions are clearly leaning toward the door of UP.
2. Funding Rate isnât hot at all: Even though the price touched the 24h high at 7.015 USDT, the Funding Rate still stays at a very calm 0.002%. No signs of overheating yetâroom for further upside is still wide open.
3. Open Interest stays firmly solid at 9.4 million USDT: New money flowing into open contracts is very decisiveânot some fake pump pulling the liquidity by âdrawing the wick.â
đŻ Scenario: A Short Squeeze sweeping away the Shorts liquidation cluster around 7.2 - 7.5 USDT to push price to break straight into the 7.8 - 8.2 USDT zone is the highest-probability scenario.
Are you guys holding ZEN and riding the profit, or are you risking it by Shorting the top? Comment your perspective below! đ
$ZEN #ZEN #Crypto #BinanceSquare #Trading #Altcoins
Donât see ZEN building a pillar +13.1% in 24h and rush into a Short at the top to get trapped and liquidated. Derivatives data on Binance is pointing to a deadly trap for the Bears:
1. Retail is hesitating, Top Traders are accumulating Longs overwhelmingly: Retailâs Long/Short ratio is only 1.23 (with up to 44.9% of accounts holding Shorts to block the move). Meanwhile, the Top Trader Long/Short Ratio jumps to 2.48âover 71.2% of large positions are clearly leaning toward the door of UP.
2. Funding Rate isnât hot at all: Even though the price touched the 24h high at 7.015 USDT, the Funding Rate still stays at a very calm 0.002%. No signs of overheating yetâroom for further upside is still wide open.
3. Open Interest stays firmly solid at 9.4 million USDT: New money flowing into open contracts is very decisiveânot some fake pump pulling the liquidity by âdrawing the wick.â
đŻ Scenario: A Short Squeeze sweeping away the Shorts liquidation cluster around 7.2 - 7.5 USDT to push price to break straight into the 7.8 - 8.2 USDT zone is the highest-probability scenario.
Are you guys holding ZEN and riding the profit, or are you risking it by Shorting the top? Comment your perspective below! đ
$ZEN #ZEN #Crypto #BinanceSquare #Trading #Altcoins