Liquidation map update;
So far, today's rebound wick has liquidated a large number of short positions in the liquidation zones above.
Looking at the liquidation map, people who went long over the past two days have also placed their stop-losses just below 80K, where a large number of long liquidation zones have clustered.
Will it turn to liquidating longs after wiping out the shorts? Not necessarily. The liquidation map is just a reference indicator, not a signal for which direction to trade.$$BTC
So far, today's rebound wick has liquidated a large number of short positions in the liquidation zones above.
Looking at the liquidation map, people who went long over the past two days have also placed their stop-losses just below 80K, where a large number of long liquidation zones have clustered.
Will it turn to liquidating longs after wiping out the shorts? Not necessarily. The liquidation map is just a reference indicator, not a signal for which direction to trade.$$BTC
