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The short squeeze isn’t the signal. What happens AFTER it is.
Crypto just ripped higher, and more than $140M in shorts got wiped out along the way.
$BTC, $ETH, $XRP and $BNB all pushed higher, forcing shorts to cover and adding fuel to the move.
But here’s the part I care about:
A short squeeze can move price fast. It cannot prove that real money is buying.
That’s why I’m not chasing the first green candle.
#DailyOrbit
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