๐จ๐จ๐ $็ๆฅ JUST DROPPED A SIGNAL THAT COULD MAKE THE NEXT MOVE VERY VIOLENTโฆ OI IS SURGING, BUT SHORTS ARE STILL CROWDING THE TRADE. ๐๐ฅ
Open interest has jumped 7% in just four hours โ easily one of the wildest moves of the day.
Right now:
๐ฐ Price: ~$0.111
๐ OI: +7% in 4H
๐ด Shorts: 54.5%
๐ข Longs: 45.5%
Shorts are still leading.
But hereโs what has my attentionโฆ
Position sizes are increasing aggressively while the market is still heavily short. ๐
That can create a very interesting setup if price suddenly starts pushing higher.
And thereโs one level Iโm watching closely:
๐ฏ $0.1187
If $็ๆฅ breaks and holds above that area, the current short-heavy positioning could suddenly become fuel for a squeeze.
But until that happens, itโs still a setup โ not confirmation.
๐ฅ NOW THE REAL QUESTION: DOES
$็ๆฅ BREAK $0.1187 AND FORCE THE CROWDED SHORTS TO RUN FOR THE EXIT โ OR DOES THIS OI SURGE BECOME FUEL FOR ANOTHER SHARP REVERSAL? ๐๐๐ฅ
Open interest has jumped 7% in just four hours โ easily one of the wildest moves of the day.
Right now:
๐ฐ Price: ~$0.111
๐ OI: +7% in 4H
๐ด Shorts: 54.5%
๐ข Longs: 45.5%
Shorts are still leading.
But hereโs what has my attentionโฆ
Position sizes are increasing aggressively while the market is still heavily short. ๐
That can create a very interesting setup if price suddenly starts pushing higher.
And thereโs one level Iโm watching closely:
๐ฏ $0.1187
If $็ๆฅ breaks and holds above that area, the current short-heavy positioning could suddenly become fuel for a squeeze.
But until that happens, itโs still a setup โ not confirmation.
๐ฅ NOW THE REAL QUESTION: DOES
$็ๆฅ BREAK $0.1187 AND FORCE THE CROWDED SHORTS TO RUN FOR THE EXIT โ OR DOES THIS OI SURGE BECOME FUEL FOR ANOTHER SHARP REVERSAL? ๐๐๐ฅ
