$Q
Up about +248% today, with no announcement or new listing—shorts in the futures market have been forced to buy back all the way up.
As the price climbed, the share of short accounts actually rose to around 64%, and the funding rate turned negative. The higher it went, the more people kept opening short positions against it.
The price has now reached the previous high from October 19. This is where bulls and bears are really facing off.
First, watch the previous high at 0.217: if the price holds above it on strong volume, the short squeeze could have another leg. If it fails to break through, it could form a double top.
On the downside, 0.183 is the key level to hold. A break below it that fails to recover would mark the end of the squeeze (invalidation); watch 0.15 as the next level.
Will 0.217 be cleared in one go this time, or will the price get knocked back for a second time?
Note: This analysis is for reference only and does not constitute investment advice!
#Q #币安神算子
Up about +248% today, with no announcement or new listing—shorts in the futures market have been forced to buy back all the way up.
As the price climbed, the share of short accounts actually rose to around 64%, and the funding rate turned negative. The higher it went, the more people kept opening short positions against it.
The price has now reached the previous high from October 19. This is where bulls and bears are really facing off.
First, watch the previous high at 0.217: if the price holds above it on strong volume, the short squeeze could have another leg. If it fails to break through, it could form a double top.
On the downside, 0.183 is the key level to hold. A break below it that fails to recover would mark the end of the squeeze (invalidation); watch 0.15 as the next level.
Will 0.217 be cleared in one go this time, or will the price get knocked back for a second time?
Note: This analysis is for reference only and does not constitute investment advice!
#Q #币安神算子
