$SUI 0.9619u: Shorts are trying to push below the $1 resistance, but with funding deeply negative, watch out—they could get cooked!
Derivatives data:
• Top Trader L/S: 2.15 (68.2% of big players are firmly holding Long positions).
• Funding Rate: -0.0108% (Shorts are gritting their teeth and paying to push the price down).
• Futures OI: 109M USDT (113M SUI positions tightly packed).
Scenario: If the price holds firmly above the 0.95u support, Shorts chasing the lows could easily get hit by a Short Squeeze, with a sharp wick straight up to 0.99–1.02u. Look to scoop some around 0.95u; don’t FOMO into resistance.
Are you siding with the whales holding Long, or do you think Shorts will break below 0.95u?
$SUI $BTC #Crypto #BinanceSquare #Trading #SUI
Derivatives data:
• Top Trader L/S: 2.15 (68.2% of big players are firmly holding Long positions).
• Funding Rate: -0.0108% (Shorts are gritting their teeth and paying to push the price down).
• Futures OI: 109M USDT (113M SUI positions tightly packed).
Scenario: If the price holds firmly above the 0.95u support, Shorts chasing the lows could easily get hit by a Short Squeeze, with a sharp wick straight up to 0.99–1.02u. Look to scoop some around 0.95u; don’t FOMO into resistance.
Are you siding with the whales holding Long, or do you think Shorts will break below 0.95u?
$SUI $BTC #Crypto #BinanceSquare #Trading #SUI