Forget the fairy tales about easy growth—at $FF , a magnet is served by low liquidity!
Down below, $2.7–2.8M of juicy longs have piled up, while up top there are pathetic $800k–900k of shorters.
The market always moves with the biggest money.
With the current $0.1426 and the level at $0.1409, the drop will open a straight corridor for a cascading liquidation of longs down to $0.1399–$0.1369, culminating at $0.1349.
Up top, the market will only reverse if buyers forcibly push out $0.1499, targeting $0.151–$0.1565.
But right now, the math is entirely on the bears’ side.
Don’t try to catch falling knives!
Down below, $2.7–2.8M of juicy longs have piled up, while up top there are pathetic $800k–900k of shorters.
The market always moves with the biggest money.
With the current $0.1426 and the level at $0.1409, the drop will open a straight corridor for a cascading liquidation of longs down to $0.1399–$0.1369, culminating at $0.1349.
Up top, the market will only reverse if buyers forcibly push out $0.1499, targeting $0.151–$0.1565.
But right now, the math is entirely on the bears’ side.
Don’t try to catch falling knives!
