💥 $IOST shorts trapped at -0.81% funding as 3.9% move fuels the squeeze
- my bias is bullish here — 1h structure is BULLISH and daily agrees, so I treat this as a squeeze-prone continuation, not a fade, even though weekly and BTC are bearish (that makes it a counter-trend long vs higher-timeframe/benchmark; I want a clear reclaim or bullish close before adding size)
- crowded shorts (extreme negative funding, shorts paying longs) sit AGAINST the 1h/daily trend, which I read as fuel for a squeeze rather than exhaustion; OI easing and 1h taker flow still slightly sell-heavy just means I wait for price to confirm instead of chasing
- I expect a first push into 0.0008253 then the 0.00085–0.0009146 supply, and subsequently 0.0009786 if that zone gives way
- entry zone: 0.0007682–0.0007546 demand / FVG pocket, or a hold and reclaim above 0.0008017 after a sweep of the 0.0007937 swing-high liquidity
- wait BEFORE entering for a 1h bullish engulfing or pin from that demand, or a lower-timeframe market structure shift (break of a minor high) after the sweep — no confirmation, no trade
- take-profits in order: 0.0008253, then 0.00085–0.0009146, then 0.0009786
- place protection beyond the structure invalidation / last swing low, not inside the range
- bias invalidates on a 1h close below 0.0007103 (that flip turns structure bearish) 📊
📊 Flow: OI $6.7M (-1.1% 24h) · funding -0.8095% · taker 0.90×
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$US is still pumping. Delivering over 300% pump since after my call.
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