+60% in a day—would you dare to catch this $INIT candle? Don't answer just yet.
It climbed from a low of 0.1199 to 0.2097 today, a 75% range, on just 3.09 million U in volume. The pool is shallow; a small amount of capital can drive a move like this, but there may be no buyers when you try to exit.
Structurally: OI shows shorts building positions.
FR is -0.9278%—shorts are paying. It's a powder keg for a short squeeze; one spark and it blows.
My take: don't chase. It's already pulled back 6% from the high. The short-squeeze signal is confirmed, but the easy gains are gone.
A frenzy is always followed by liquidations. My approach has always been to wait for it to come back down, then see who's buying.
If you're watching: FR back within -0.05% = squeeze is over = don't go long; OI flips to LONG_BUILD = shorts are dead = confirmation to go long.
🌿 Zhao Says Nothing | For reference only
$BTC $ETH #BTC #ETH #合约交易 #Perpetual Contracts
$INIT #INIT
How would you play this move? Comment A (chase it) B (wait for a pullback and structure) C (stay away, too chaotic)
——If you picked B, what price are you waiting for?
It climbed from a low of 0.1199 to 0.2097 today, a 75% range, on just 3.09 million U in volume. The pool is shallow; a small amount of capital can drive a move like this, but there may be no buyers when you try to exit.
Structurally: OI shows shorts building positions.
FR is -0.9278%—shorts are paying. It's a powder keg for a short squeeze; one spark and it blows.
My take: don't chase. It's already pulled back 6% from the high. The short-squeeze signal is confirmed, but the easy gains are gone.
A frenzy is always followed by liquidations. My approach has always been to wait for it to come back down, then see who's buying.
If you're watching: FR back within -0.05% = squeeze is over = don't go long; OI flips to LONG_BUILD = shorts are dead = confirmation to go long.
🌿 Zhao Says Nothing | For reference only
$BTC $ETH #BTC #ETH #合约交易 #Perpetual Contracts
$INIT #INIT
How would you play this move? Comment A (chase it) B (wait for a pullback and structure) C (stay away, too chaotic)
——If you picked B, what price are you waiting for?