$WAL Does negative funding necessarily lead to a short squeeze?
Repeated rebounds are flushing out retail traders with weak short positions. The big players are still slowly cashing out of their spot holdings, so you can consider shorting around 0.06–0.058. Keep an eye on the key support zone at 0.052–0.050 below; you can gradually take profits there.
From a smart-money perspective, buying support is very weak, while selling volume keeps increasing, so the short strategy is entirely viable.
Hao recommends that anyone still holding long positions close them around 0.058, then reverse into a short. The daily-chart resistance at 0.06 is a useful reference.
$AKE #WAL
Repeated rebounds are flushing out retail traders with weak short positions. The big players are still slowly cashing out of their spot holdings, so you can consider shorting around 0.06–0.058. Keep an eye on the key support zone at 0.052–0.050 below; you can gradually take profits there.
From a smart-money perspective, buying support is very weak, while selling volume keeps increasing, so the short strategy is entirely viable.
Hao recommends that anyone still holding long positions close them around 0.058, then reverse into a short. The daily-chart resistance at 0.06 is a useful reference.
$AKE #WAL