Strong Year-End Cross Detectors
For data like this, first see who is being forced out.
$BTC shorts look even more squeezed, but the first candle after the forced covering is not equal to the trend—pullbacks that don’t break down are more meaningful.
$SOL : the short-covering amount has the upper hand, and buy-to-cover orders have already become part of the trades in that segment.
$RLC when both longs and shorts get swept out together, the first leg looks more like clearing leverage; the direction has to wait until the成交 (trading) repositions the market.
The main storyline is that shorts get hit, and we still need to see whether new buy orders continue to step in for follow-through.
For data like this, first see who is being forced out.
$BTC shorts look even more squeezed, but the first candle after the forced covering is not equal to the trend—pullbacks that don’t break down are more meaningful.
$SOL : the short-covering amount has the upper hand, and buy-to-cover orders have already become part of the trades in that segment.
$RLC when both longs and shorts get swept out together, the first leg looks more like clearing leverage; the direction has to wait until the成交 (trading) repositions the market.
The main storyline is that shorts get hit, and we still need to see whether new buy orders continue to step in for follow-through.