Price bled for twelve hours while shorts kept piling in and paying for it. From what I've seen, that crowd gets nervous fast once price stops falling.
**Recap ($BTC, 11:50):** The long needed a 1h close above $77,870. Best print since was $77,821, BTC now $77,791. **Not triggered**, stop untouched, no position.
**$LSK now**
- $0.2388, +9.6% 24h. 24h range $0.2010–$0.3188. Last 12h boxed $0.2266–$0.2538.
- Funding -0.127% (4h interval), **9th percentile** of its last 90.
- OI 35.49M to 41.25M LSK (+16%, 24h) while price fell from the high.
- Top traders 1.27 long, all accounts 1.46 long. Taker buy/sell 1.09 last hour.
- 1h RSI 49, 4h RSI 58.
**Call: long on reclaim.**
- **Stop $0.2295** (below the 12:00 hour low)
- **Trigger:** 1h close above $0.2440
- TP1 $0.2538 (12h range high) · TP2 $0.2788 (4h upper Bollinger)
No close above $0.2440, no trade. Lose the $0.2266 floor and the squeeze idea is dead.
**Short squeeze from here, or one more leg down first? Drop your call below.**
*Not financial advice. Data: Binance Futures API, 12:50 Taipei, Nov 1.*
#ShortHunter