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qwerty123asd

Potential Short Squeeze

Long
Bitcoin Perpetual Futures (FTX:BTCPERP)  
qwerty123asd Updated   
FTX:BTCPERP   Bitcoin Perpetual Futures
Chart Patterns Trend Analysis BTCUSD
3
0
chartpattern trendanalysis btcusd
Potential Short Squeeze in play; must cross above the local resistance (~30700). I believe there is a substantial amount of stop losses at the red dashed line which would cause a cascading short liquidation. If it shows weakness after/if it crosses above I may look to exit early.
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1 last resistance to break? I don't think it will have trouble going through the yellow circled level when/if it reaches there
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unclear for now. Will wait and see before adding/chopping
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