$CYBER surged 35%, putting in one massive bullish candle. Look at the whale data: 342 traders are short, while only 158 are long. The shorts’ average entry is 0.314, so they’re all trapped, and the funding rate is still negative! What does that tell us? Everyone is short, and the market makers are clearly looking to squeeze them!
Look at the chart: the daily MACD has a bullish divergence and a golden cross, and the 4-hour chart saw huge volume as one candle broke through four levels (punching straight through all the moving averages).
With price action like this, absolutely don’t try to short the top! This is a classic short squeeze, and it can be brutal! But don’t chase longs at the current price either—wait for a pullback!
My strategy: buy the pullback!
Scale into longs in the 0.295–0.305 range. Set your stop below the daily EMA21 at 0.285, and target 0.35 (the daily EMA144 resistance level)! $CYBER
Look at the chart: the daily MACD has a bullish divergence and a golden cross, and the 4-hour chart saw huge volume as one candle broke through four levels (punching straight through all the moving averages).
With price action like this, absolutely don’t try to short the top! This is a classic short squeeze, and it can be brutal! But don’t chase longs at the current price either—wait for a pullback!
My strategy: buy the pullback!
Scale into longs in the 0.295–0.305 range. Set your stop below the daily EMA21 at 0.285, and target 0.35 (the daily EMA144 resistance level)! $CYBER
