🔥 $NTRN is experiencing a significant short squeeze.
The recent rally saw an incredible volume spike to 1.2B, far above the usual ~50M. The price surged by 37.65% on strong buying pressure.
Current volume remains robust at ~220M, indicating sustained momentum and that this move is far from over.
On the capital flow side, spot markets show substantial inflows (+171K net in 24h). Conversely, perpetual futures are experiencing outflows (-70K).
This divergence suggests smart money is accumulating on the spot market while leveraged shorts are being liquidated. Negative funding rates further confirm a squeeze is in progress.
$NTRN price action shows resilience, rejecting the 0.02407 bottom with high volume and multiple pin bars. Engulfing candles have since taken over, pointing to potential accumulation.
My trading strategy for $NTRN is a cautious long position, avoiding chasing the peak.
Entry: I'm targeting a pullback to the 0.03200–0.03350 zone, which has transitioned from resistance to support.
SL: Placed at 0.03050, below today's key support level.
Targets:
- First target is 0.03617, the previous high.
- The next target is 0.03850, based on a measured move, if the momentum continues.
(NTRNUSDT)
This setup presents a compelling combination of extreme funding rates, spot accumulation, and technical momentum. Patience will be key to avoid FOMO.
#NTRN #NTRNUSDT
#Neutron