$MOVR The shorts are already working for the longs, what are you still waiting for?

Funding rate -0.9487%, this is not a small negative, it's an extremely negative value. Shorts have to pay money to longs every few hours, and holding on for a day can wipe out several points of principal. Tell me, how much longer can these shorts last?
Open interest surged by 225%, smart money is building positions, it's not retail investors chasing the rally, someone is quietly stacking positions. The price has already moved 79.4%, but the open interest number indicates the trend isn't over yet, positions are still increasing.
The long-short ratio is 53.8%, shorts are in the lead, retail investors are still shorting, still boosting the market maker. I don't believe this structure won't squeeze the shorts.
Go long, stop loss at 2.301, avoid the round number. Target one at 3.68, once reached, ask yourself whether to hold or not. If you can hold, keep running; target two at 4.60.
The logic is simple: shorts are losing money, smart money is building positions, retail investors are still shorting. Time favors the longs. Welcome to the opposing side.