Conflux’s 41% Surge: Is $0.60 the Next Breakout Target or Just a Hype Trap?
Retail stacking up shorts
As Conflux breaks higher levels, retail has taken notice of the altcoin’s recent moves. As per CryptoQuant, trading frequency hit the “Too Many Retail” bar at $0.15 price, with the bubbles increasing in size.
This was reflected both in spot and futures markets.
Meanwhile, a short squeeze could be on its way as the Spot and Futures market shows the taker CVD has been dominated by sellers.
This comes as traders anticipate a fall in price following that consistent rally that does not seem to stop.
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