Fundamental analysis of $SOON ; The big unlock š is on the way... About 5D:21h:12m is still remaining before the next unlock š of SOON.
About $7.59 million dollars (5.63% of the total markecap) of SOON will be unlocked in the upcoming 5 days .
It's also be noted that a large number of shorts position is building up in this coin."accdg to coinglass".So exchange and big player will trape these shorter because exchange will liquidate shorter firstly to provide backups (money š¤) for longer .
What is your opinion about this coin for the upcoming unlock š ?.
Model 1 just painted a FAT liquidity vacuum sitting right at $111,804 ā $118,044 šÆ
That thick red box = where 90%+ of resting orders got wiped during the last dump. Price wicked straight through it, then violently rejected lower.
Translation: This zone is now a black hole of unfilled orders ā HIGH-PROBABILITY MAGNET.
We either: 1ļøā£ Get viciously squeezed back into it (short squeeze city) 2ļøā£ Or we consolidate below and it becomes the mother of all resistance on the next leg up
Either way, $111.8Kā$118K is the level that will decide if we see $130K+ or a deeper correction.
Liquidity Threshold set to 0.9 ā only showing the juiciest zones.
Whoās stacking bids under current price? š Whoās shorting the range? ā ļø
ENA funding rate in 30 days is -1.3072 in #Binance and other exchange Bybit and bitget it's is also negative .
What is core meaning of negative funding rate ? Negative funding rate mean short massively pay funding to long to keep aligned sport price with future price .
After reset of Market sentiment massive shorts are liquidate accordingly .
Bitcoin has added massive Open interest in many exchange reflecting buyer are back .
Total oi of btc in all exchange is 71.53B and alone in Binance oi is 15.94B (1.88%) in Binance . Is Btc is rebound or more going down? what is your opinion about this view š¤ !
All liquidity is staking up above in the area of $2.8 and $4 .And In major exchange shorter is mostly so in my opinion exchange will trap that shorts .
what is your opinion about this coin share your thoughts below š!