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$AXL Shorts are losing money, I have to enter this long position.
Funding rate -0.1719%, shorts are paying out money every 8 hours, enduring until they can't hold on anymore.
This negative funding rate isn't a matter of a few hours; when the deep negative persists, the short positions' costs will force them out, and short squeeze happens this way.
Entered at 0.06686, set stop loss at 0.056891, target first at 0.082, if it goes smoothly then look at 0.089.
Don't over-leverage your position, keep some bullets; a real drop could be an opportunity to add.