I’m going short on $MUBARAK here 📢
There’s a heavy cluster of buyers sitting below the current range, and that’s the part of this setup I care about. A move into that area can start triggering liquidations, and once that chain begins, selling pressure can build very quickly.
I’m positioned for that flush, with $0.060 as my target.
Right now the trade is around -$430, but that’s just the position moving before the setup plays out. My invalidation remains clear.
SHORT $MUBARAK
TP: $0.060
SL: $0.088
If those buyers start getting liquidated, I don’t think the move down will be slow.
There’s a heavy cluster of buyers sitting below the current range, and that’s the part of this setup I care about. A move into that area can start triggering liquidations, and once that chain begins, selling pressure can build very quickly.
I’m positioned for that flush, with $0.060 as my target.
Right now the trade is around -$430, but that’s just the position moving before the setup plays out. My invalidation remains clear.
SHORT $MUBARAK
TP: $0.060
SL: $0.088
If those buyers start getting liquidated, I don’t think the move down will be slow.
