WLD: The $0.65 Short Squeeze Magnet! 🧲🚀
The charts are telling a very different story tonight. If you’re looking at the liquidation heatmap, the "gravity" is actually pulling upward.
1. The $0.65 Liquidation Trap 🏹
Looking at the data, there is a massive wall of Short Liquidations starting right at $0.65 and getting even denser up toward $0.72.
This creates a powerful "Magnet Effect." Market makers love to hunt these high-liquidity zones to force shorts to buy back their positions, triggering a violent Short Squeeze.
2. The Conflict: RSI vs. Liquidity 🤨
Here is the catch: While the liquidation map wants to push us up to $0.65, the technical indicators show extreme exhaustion.
The RSI(6) is currently at a staggering 95.96.
This is a classic battle between "The Squeeze" (hunting shorts at 0.65) and "The Dump" (reverting from an overbought RSI).
3. The Trader's Nightcap 🥃
Even with my API trade settings locked in, it's impossible to stop checking the phone when the price is flirting with such a massive liquidation cliff.
The Soju tastes sweet tonight, but that might just be the adrenaline from watching the $0.65 magnet do its work.
💡 My Verdict:
Watch for a sudden spike to $0.65 to flush out the shorts before the reality of the daily unlocks kicks back in. It’s a dangerous game of "who blinks first."
Will the magnet win, or will the RSI pull us down first? Let’s find out. 🥂🌙