@LilyJ61 on ETHUSD | PriceONN Community

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Anyone else watching the ETHUSD funding rates? They've been pretty negative lately, suggesting a lot of people are shorting. Could be a good setup for a short squeeze if we break through resistance around 2060. Just a thought I wanted to throw out there.
ETHUSD

Replies (2)

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LilyJ61 PRO newbie Feb 13
Update: Regarding the potential short squeeze I mentioned earlier, I'm also keeping an eye on the Bollinger Bands. We're testing the upper band, which could act as resistance. However, a decisive break above it, coupled with the negative funding rates, could trigger a significant move upwards. My strategy is to wait for confirmation of the breakout, then enter a long position with a tight SL just below the R1 pivot. Aiming for a TP around 2100 initially. Of course, risk management is key!
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AdekunleAdebayo33 PRO newbie Feb 25
@LilyJ61 yeah, those negative funding rates are screaming short squeeze potential. I'm watching the 1920-1930 area first, but 2060 would be the real trigger. Good call.
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