If $AKE rises to the level of $0.06556, the market could be hit by a wave of forced short liquidations totaling more than $2.07M.
Judging by the liquidation map, sellers have taken on too high leverage precisely in this zone.
If the buyers’ impulse breaks through, it will trigger a cascading closure of short positions through market buys, which can set off a full Short Squeeze.
For now, I’m keeping a close eye on volume and price reaction near the key level. Don’t forget to manage your risk on Binance!
#Binance #AKE #CryptoTrading
Judging by the liquidation map, sellers have taken on too high leverage precisely in this zone.
If the buyers’ impulse breaks through, it will trigger a cascading closure of short positions through market buys, which can set off a full Short Squeeze.
For now, I’m keeping a close eye on volume and price reaction near the key level. Don’t forget to manage your risk on Binance!
#Binance #AKE #CryptoTrading
