Stop opening short positions now on $WAL , as the path upward is still open ๐๐
The current rise is due to major liquidations of short positions.
The coin is squeezing short positions.
With every rebound, new short positions enter the market alongside outflows in spot liquidity.
The funding rate has started to decline after each rise, indicating continued pressure on short holders.
Further gains are expected to put pressure on new positions ๐๐
๐ข Long position on $WAL ๐
Entry range: 0.05557/0.5598
Stop loss: 0.05045
Targets: 0.06222/0.06427/0.06775
The current rise is due to major liquidations of short positions.
The coin is squeezing short positions.
With every rebound, new short positions enter the market alongside outflows in spot liquidity.
The funding rate has started to decline after each rise, indicating continued pressure on short holders.
Further gains are expected to put pressure on new positions ๐๐
๐ข Long position on $WAL ๐
Entry range: 0.05557/0.5598
Stop loss: 0.05045
Targets: 0.06222/0.06427/0.06775