$AIN ran into a stack of sell walls. One sits right above price at 0.322, more are layered up to 0.35, and they appeared four hours ago, right when price got there.
Behind them sit short liquidations at 0.34-0.35. If the walls get pulled without being hit, nobody was actually selling there, and the path to those liquidations opens.
What works against the move: long whales hold $32M unrealized profit, 98% of them in the green. Whenever they decide to close, that selling can push price down hard.
Reaction to the walls is the thing to watch.
Behind them sit short liquidations at 0.34-0.35. If the walls get pulled without being hit, nobody was actually selling there, and the path to those liquidations opens.
What works against the move: long whales hold $32M unrealized profit, 98% of them in the green. Whenever they decide to close, that selling can push price down hard.
Reaction to the walls is the thing to watch.
