🚀 $VIC /USDT: A powerful Short Squeeze is brewing! 💥
The VIC derivatives market is in an anomalous and extremely interesting situation that rarely happens. All metrics indicate that the bears are trapped.
📊 What’s going on?
Extreme Funding: The funding rate is -1.465%. There are so many shorts at the moment that they are paying a huge commission to longs just to hold their positions.
Squeezed Liquidity: The liquidation chart clearly shows a huge cascade of short stops, starting right above the current levels and stretching to 0.0715 – 0.0735.
Technical picture: The price has successfully pushed off the local bottom (0.038) and is currently consolidating around 0.0627, ready for an upward impulse on the breakout of shorts.
🚦 Trading plan (Long scenario)📈
🎯 Entry: Current prices (0.0625 – 0.0628) or with a small pullback to 0.0610.
➡️ Take profits:
TP1: 0.0710 (first cut of liquidation)
TP2: 0.0735 (main target of squeeze)
🚫 Stop loss: 0.0575 (cancellation of the scenario when breaking through local support).
⚠️ Due to anomalous funding, volatility can be crazy. Work with minimal leverage (2x-3x) or on the spot so that a random "snot" does not remove the position prematurely. Managed risk is above all!
