Oh, of course, liquidations of short positions at $PIPPIN continue to surprise me😳
Do you see this too? I have one question, why is this happening, where did these people see the signal for the drop???
Let's take a look together👇
In my opinion, there was only one point where it was possible to enter a short position, wasn't there❓ So where did such a liquidation amount come from in 24 hours of 2.48 million❓
Many instead of indicators and trend lines use a unique tool called 'intuition'🤣 As a bonus, it comes with a second tool 'thought,' yes, it is in the singular because there is only one: 'right now, it's definitely going to fall.'
Why❓ Is it really so hard to draw two lines? On the candle bodies. To understand where the trend is going and where it might break? And at the break, try to open a position?
Well, of course, why do we need to bother with drawings, it is clear here: 'right now, it's definitely going to fall.'
Yes, with such an approach, you won't go far and won't earn much.
Have you looked at the daily chart❓
What an interesting and smooth OBV indicator line on the daily chart🤔
Interesting, the price is falling but the line is not, what does it mean?
Even though we see a strong price drop on the chart, the accumulated volume has not gone anywhere, meaning sales were at low volume, large players are not selling, this is one of the strongest signals for growth. So, if you see this on any other chart - know that it often signals a reversal.
Newbies reading this post, draw conclusions; do not replenish the general piggy bank of liquidations with your money. Before opening a position, analyze the situation; it will take very little time but will save your money.
Indeed, often liquidation does not end everything; 'greed' and anger towards the market come next, followed by attempts to 'get back what is yours,' but more often people do not take back, but give away.
Analyze, do not succumb to greed, do not build illusions, and after a failed deal, just go rest; there will be a new morning and new opportunities.
What experience do you have with this coin? Are there those who are sailing in the boat called Long?
