$龙虾 This crash is getting really severe 🔻
Around 90% of traders were stuck in long positions, and after this move many have been liquidated. The main support at $0.041 has also been broken.
Volume is dropping quickly, and the price is now sitting around $0.0388. Funding rates are also negative, which shows pressure is still on the downside, so there’s a high chance the drop may continue.
If this trend continues, a move towards $0.035 is possible.
Around 90% of traders were stuck in long positions, and after this move many have been liquidated. The main support at $0.041 has also been broken.
Volume is dropping quickly, and the price is now sitting around $0.0388. Funding rates are also negative, which shows pressure is still on the downside, so there’s a high chance the drop may continue.
If this trend continues, a move towards $0.035 is possible.
