$TUT A graveyard for leveraged longs—this one is only dug halfway, and this rebound is an invitation for short positions. The spot leverage long/short ratio over the last twelve hours was cut by 60%, and they’re still stubbornly holding on at a 30x high—debt is in negative growth. Meanwhile, the chips are scattered so badly that even a major player to prop the market up can’t be assembled. Liquidation hasn’t even reached the main course yet. The four-hour structure says it’s exhausted; the price is getting farther and farther away from the intermediate-term moving averages the more it whips around. Going with the trend to short is basically an easy question to get full points.