The 0.040–0.041 range is now packed with long positions that could be liquidated at any moment.
Firm resistance around $0.045–$0.047 is capping any attempt to break higher, and the 4-hour MACD has just printed a decisive bearish crossover. There’s little room for buyers to push the price up, while below, an entire range of leveraged positions is sitting there as liquidation liquidity, waiting to be hunted.
For bears, there’s no worthwhile risk-reward in taking on the resistance above. A move down with the trend could sweep these longs out in one fell swoop. Given this market structure, don’t rush to treat every slow slide as a bargain-buying opportunity.
#AIN
👇
Firm resistance around $0.045–$0.047 is capping any attempt to break higher, and the 4-hour MACD has just printed a decisive bearish crossover. There’s little room for buyers to push the price up, while below, an entire range of leveraged positions is sitting there as liquidation liquidity, waiting to be hunted.
For bears, there’s no worthwhile risk-reward in taking on the resistance above. A move down with the trend could sweep these longs out in one fell swoop. Given this market structure, don’t rush to treat every slow slide as a bargain-buying opportunity.
#AIN
👇
