The market is still punishing weak positioning from both sides ⚠️
$ONDO and $BANANAS31 longs were flushed out after sellers stepped in aggressively and erased short term bullish momentum. At the same time $NEAR shorts got squeezed as buyers defended support and pushed price back upward.
This kind of mixed liquidation activity usually appears when the market is searching for direction and volatility starts expanding rapidly. Traders chasing momentum too late are getting trapped within minutes.
EP 2.21 to 2.24
TP 2.39 then 2.55
SL 2.12
Pressure is building again and the next strong move could arrive much faster than most traders expect.
#HKDAPEthereumMainnetLive
#HKDAPEthereumMainnetLive
#XRPETF42MWeeklyInflows
$ONDO and $BANANAS31 longs were flushed out after sellers stepped in aggressively and erased short term bullish momentum. At the same time $NEAR shorts got squeezed as buyers defended support and pushed price back upward.
This kind of mixed liquidation activity usually appears when the market is searching for direction and volatility starts expanding rapidly. Traders chasing momentum too late are getting trapped within minutes.
EP 2.21 to 2.24
TP 2.39 then 2.55
SL 2.12
Pressure is building again and the next strong move could arrive much faster than most traders expect.
#HKDAPEthereumMainnetLive
#HKDAPEthereumMainnetLive
#XRPETF42MWeeklyInflows