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AsgherAli
Apr 21, 2022 5:00 AM

High sell volume + O.I drop Short

API3 / TetherUS PERPETUAL CONTRACTBinance

Description

Price is rising while the O.I is dropping. Which means the recent rally was mostly short-covering/liquidation hunt.

Take profit is around 4.82. If the price closes above 5.7 with an Open interest of 2M or higher, I'll close my position.

Trade closed: target reached

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