🔴 BEARISH · $IDOL
🚀 $IDOL ran 212.7% in a week and this crowded setup has me buzzing 🤩
📈 Open interest up 50.5%, 58% of top traders long, everyone's piling in
📉 Longs pay shorts on funding at 0.0433%, the crowd is paying to stay in
💡 Short bias, slight lean 👀
🛑 My lean is wrong on a reclaim of 0.02586
Bottom line: I'd rather short this squeeze than chase it, and only trade once it cools toward its weekly low.
Short the top or wait for the cooldown?
Keep size small and use a stop, this coin swings wild. Always do your own research.
#IDOL #CryptoAlert #DescendingTriangle
🚀 $IDOL ran 212.7% in a week and this crowded setup has me buzzing 🤩
📈 Open interest up 50.5%, 58% of top traders long, everyone's piling in
📉 Longs pay shorts on funding at 0.0433%, the crowd is paying to stay in
💡 Short bias, slight lean 👀
🛑 My lean is wrong on a reclaim of 0.02586
Bottom line: I'd rather short this squeeze than chase it, and only trade once it cools toward its weekly low.
Short the top or wait for the cooldown?
Keep size small and use a stop, this coin swings wild. Always do your own research.
#IDOL #CryptoAlert #DescendingTriangle
