After the cleanup of long positions we recently saw (sharp drop in Open Interest at the minimum of 1.383), the scenario for an upward movement is aligning.
1️⃣ Liquidity in the Order Book: The order book shows massive "walls" between 1.70 and 1.80 USDT. The price often acts like a magnet towards where there is more liquidity.
2️⃣ Negative Funding Rate: With an FF of -0.036%, shorts are paying longs. The market is "heavy" to the downside, which is often fuel for a Short Squeeze.
3️⃣ Structure: After sweeping stops, the path of least resistance seems to be upward.
🎯 Probable targets: 1.70 - 1.80 to capture that liquidity.
⚠️ This is not financial advice. Operate with risk management.
🚨 Update ⏰️21:24
🤯 Wow! I told you 🔮
