【$CLANKER Signal】Short Position + Distribution Pattern at High Levels

$CLANKER After a violent surge, there is a stalling at high levels, and the 4H chart shows a bearish engulfing pattern, which is a typical signal of distribution by the main force.

🎯 Direction: Short

Price surged violently from around 30U to 36.44U, an increase of over 20%, but the latest 4H candlestick closed below the previous candle's body, forming a local bearish engulfing. Key data reveals the truth: 1) Taker Volume shows the main force is selling (is_taker_buying: false), diverging from the price increase; 2) Funding rate remains negative (-0.0639%), indicating that bears are not fully squeezed out and are adding to their positions during the rebound; 3) Open interest (OI) remained stable rather than increasing in sync after the price surged, suggesting the rally is driven by short covering rather than new longs. Currently, buy/sell orders are thin, with significant sell orders accumulating in the 33.6-33.76U range, creating heavy resistance above. Market logic warns of a “bull trap” after a short squeeze on the bears. Entering long positions now carries extremely high risk, with poor risk-reward ratio; it’s better to wait for clearer supply and demand signals indicating a structural shift.

Trade 👇 $CLANKER

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