If you are still trying to blind-short aggressive green candles without checking open interest, stop now.
Nothing hurts quite like watching your stop-loss get hunted right before the market makes its actual move. Most retail traders keep bleeding capital because they mistake a coordinated liquidity sweep for an easy top.
That exact scenario just played out as millions of dollars in short positions were liquidated across the $0.11 to $0.12 range during the recent 33% surge on $AKE . It feels strikingly similar to the classic squeeze setups we routinely see on $SOL and earlier $BTC relief runs, where price gets aggressively dragged into dense stop clusters before settling into any real trend.
When that much leverage gets vaporized in such a tight band, the bigger fish are rarely done hunting the upper levels. Trying to step in front of cascading liquidations while thicker resistance clusters remain above is essentially volunteering to become someone else's exit liquidity.
Do you think we see another push higher to clear the remaining overhead shorts, or is this move ready to run out of steam?
#CryptoTrading #ShortSqueeze #Futures
Nothing hurts quite like watching your stop-loss get hunted right before the market makes its actual move. Most retail traders keep bleeding capital because they mistake a coordinated liquidity sweep for an easy top.
That exact scenario just played out as millions of dollars in short positions were liquidated across the $0.11 to $0.12 range during the recent 33% surge on $AKE . It feels strikingly similar to the classic squeeze setups we routinely see on $SOL and earlier $BTC relief runs, where price gets aggressively dragged into dense stop clusters before settling into any real trend.
When that much leverage gets vaporized in such a tight band, the bigger fish are rarely done hunting the upper levels. Trying to step in front of cascading liquidations while thicker resistance clusters remain above is essentially volunteering to become someone else's exit liquidity.
Do you think we see another push higher to clear the remaining overhead shorts, or is this move ready to run out of steam?
#CryptoTrading #ShortSqueeze #Futures
