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Ghost Cat
Ghost Cat
If short sellers get squeezed, the next domino falls faster than most expect. What happens when forced buying meets a market already refusing to give up bids? I watched $XLM trigger a wave of short liquidations near the 0.26426 zone. The move wasn't random—it was a calculated shakeout of weak bear hands. Once those shorts got flushed, the buy-side stepped in aggressively, reinforcing the upward bias. Price has since held above local support, with a clear pattern of higher lows forming on the intraday structure. Here is the market psychology at work: when a liquidation cascade clears resistance overhead, it doesn't just remove supply—it accelerates demand by confirming that the path of least resistance is up. The OI spike around that flush suggests new longs are layering in, not just covering. Bull case: If price breaks and holds above 0.269, the next liquidity pools sit at 0.275 and 0.283. Momentum could extend as latecomers chase. Bear case: Failure to clear 0.269 traps late buyers. A slip below 0.256 would signal that the squeeze was a one-off event, not a trend shift. Right now, the psychology favors continuation—buyers are in control, but the risk lies in overstaying a crowded trade. Not advice. Markets shift fast. Watch the 0.269 break for conviction. $XLM #Crypto #Altcoins

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