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RE: Steemit Crypto Academy Contest / S13W4 - Short Squeeze.
Your explanation about all concepts is great. You have explained in your own words. If we can identify this opportunity in the market at correct time, then we can make good amount of profit.
The charts you have provided shows an example of Short Squeeze and It will help in understanding about this concept.
The price rose from $0.1730 from the 19th of October 2023 to $0.3322 on the 24th of October 2023.
This was recent pump in Steem Currency and It is a good example of Short Squeeze and Another reason of this pump can be the future listing of Steem currency on MEXC Exchange.
Good Luck for the contest.
Yes you are very correct, the listing on MEXC and Bybit contributed a lot to the pump. Thanks so much for going through my post.