Holding key support is actually when most retail traders get completely wiped out, not when price breaks down.
Most people see a line on a chart defend itself twice and immediately rush in with heavy leverage, completely ignoring that liquidity is usually thinning out beneath it. When you get chopped up by false bounces only to get stopped out right before the real move happens, this is usually why.
Everyone looks at $BTC defending its macro floor and assumes the structure is bulletproof. But order book depth tells a much messier story. When spot volume starts drying up on every retest while open interest climbs on $ETH, that support level is no longer acting as a springboard. It is becoming a liquidation magnet.
Once market makers see enough clustered stops sitting just below that floor, they rarely let it hold without sweeping it first. We saw the exact same pattern play out across $SOL before its last major flush.
Are you bidding the current support retest here, or waiting for the sweep below first?
#CryptoTrading #TechnicalAnalysis #OnChainAnalysis
Most people see a line on a chart defend itself twice and immediately rush in with heavy leverage, completely ignoring that liquidity is usually thinning out beneath it. When you get chopped up by false bounces only to get stopped out right before the real move happens, this is usually why.
Everyone looks at $BTC defending its macro floor and assumes the structure is bulletproof. But order book depth tells a much messier story. When spot volume starts drying up on every retest while open interest climbs on $ETH, that support level is no longer acting as a springboard. It is becoming a liquidation magnet.
Once market makers see enough clustered stops sitting just below that floor, they rarely let it hold without sweeping it first. We saw the exact same pattern play out across $SOL before its last major flush.
Are you bidding the current support retest here, or waiting for the sweep below first?
#CryptoTrading #TechnicalAnalysis #OnChainAnalysis
