$ETC Your hard-earned money is nothing but a fluctuating settlement number on the screen in the eyes of the market makers.
Have you seen this chart of ETC? The spot trading volume is only 8.23 million, while the contract trading volume has piled up to 96.69 million, a whopping tenfold leverage, all set up as traps by the market makers. The large traders on Binance have pushed the long-short ratio to 1.87, and these institutions are repeatedly testing the point of 8.566, just waiting to swallow the entire liquidation order of 45,400. The technicals show heavy selling pressure from institutions, and the pain point for shorts is firmly pressed around 8.77. If you still foolishly rush in to catch the falling knife, you are just giving the market makers a year-end bonus. I am watching this resistance level at 8.80, having seen through the main forces lurking at 8.29, and they will absolutely not relent until they have stripped the retail investors clean.
Drive Binance cars, enjoy Binance life.
The above content is only a market analysis and does not constitute any investment advice. Investment carries risks, and one should proceed with caution when entering the market.
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#BTC #ETC