This is exactly why I didn’t trust that $ERA dump yesterday 😏
Funding was deeply negative, shorts kept piling in, and the whole setup started looking more like a trap than a clean breakdown.
Instead of joining the crowd, I took the long.
Then the squeeze came.
$ERA pushed straight through the area I was watching and I closed with around $3,280 profit.
A lot of people saw negative funding and thought more downside was coming.
I saw the same thing and thought too many shorts are sitting on one side, someone is going to pay for this.
Today, it was the shorts 😭
Profit booked. Trade done.
Funding was deeply negative, shorts kept piling in, and the whole setup started looking more like a trap than a clean breakdown.
Instead of joining the crowd, I took the long.
Then the squeeze came.
$ERA pushed straight through the area I was watching and I closed with around $3,280 profit.
A lot of people saw negative funding and thought more downside was coming.
I saw the same thing and thought too many shorts are sitting on one side, someone is going to pay for this.
Today, it was the shorts 😭
Profit booked. Trade done.