High sell volume + O.I drop
BEL / TetherUS PERPETUAL FUTURES BINANCE:BELUSDTPERP
Back to back high sell volume with a significant Open Interest drop, which tell us, the current upside move was mostly short covering.
I anticipate a corrective move to at least 50% retracement level of the current range. If somehow price closes above 0.96 on a 30mins tf I’d close my position.
