The structure already did the heavy lifting. Long positions took hits during the pullback, but now liquidity has shifted—price is back testing trend support.
Here's where it gets interesting: shorts are stacking in at precisely the wrong level. The setup is textbook for this spot. If momentum picks up from here, we're looking at a potentially violent unwind. Those short exits aren't going to be clean.
The chart tells the story. Watch how this plays out at support.
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HalfIsEmpty
· 13h ago
The short-term pressure is indeed intense, but with the bears accumulating at this level... do you really dare to open a position?
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Whale_Whisperer
· 13h ago
This wave of short accumulation is really just giving away heads; just wait and watch the support level explode.
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BearWhisperGod
· 13h ago
The short positions are really piled up to an absurd level. This is textbook-level contrarian trading. Just wait to get hammered.
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NotFinancialAdvice
· 13h ago
The timing of this short position entry was perfect; it's about to be reversed and taken out.
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GasFeeNightmare
· 13h ago
It's the same squeeze story again. I feel like there's a coin to squeeze every week... But this time, the support level is quite interesting. Will it really be hard to unwind such concentrated short positions?
Monero's setup is primed for a short squeeze.
The structure already did the heavy lifting. Long positions took hits during the pullback, but now liquidity has shifted—price is back testing trend support.
Here's where it gets interesting: shorts are stacking in at precisely the wrong level. The setup is textbook for this spot. If momentum picks up from here, we're looking at a potentially violent unwind. Those short exits aren't going to be clean.
The chart tells the story. Watch how this plays out at support.