Patrick-妖币大统领

Opened a long position on $IDOL . Reason: There’s a big player backing it. It gets shaken out every night, and it pulled back a bit this afternoon. The setup is primed to liquidate shorts.

Big bro, stop trading in the middle of the night. I know you’re in Europe, and I want to get a good night’s sleep.

Let me explain the logic behind still opening long positions after $AIN retraced. I checked the data again today:

Remember that on September 19, $AIN plunged from 0.2 to 0.02, almost to zero;

But, but—the key point is that Binance's OI (open interest) rose from 65M to 360M, an increase of nearly sixfold!

I overlooked this important detail at the time.

After yesterday's adjustment, OI came down to 266M, a drop of 100M, but that's still 200M more open interest than the 65M at the bottom.

Binance's OI data only goes back one month, but the truly useful data is from September 19, which Binance no longer shows. Just a heads-up for everyone.

$AIN The expected pullback has played out, and the first liquidation level for the long positions mentioned earlier, 0.24, has been breached.

Many people may be thinking of buying the dip and betting on a rebound at this point. Don't rush.

There are still three clusters of long liquidation levels: 0.21, 0.18, and 0.16.

If the market maker wants to shake people out, it won't be that simple; they'll put the bulls through the wringer. Don't try to catch a falling knife just yet.

Image 1 shows the long liquidation data from just now; image 2 shows the three long-position clusters; image 3 shows whale positions: You can see that the market maker's cost basis is definitely far below 0.06. Many whales have short positions at 0.09, worth $6 million. These are all targets the market maker wants to wipe out.

Which of the three clusters—0.21, 0.18, or 0.16—will break? I don't know either.

If these three levels hold, that will be the signal to go long again.

Remember, $AIN is now DWF's playground; they'll pump or dump shamelessly, so keep a close eye on it.

When I posted, the price was 0.28399. The current price.

Just documenting this: at that point, all the upper short positions had been liquidated. There were too many people in profit, so the market needed to shake some people out.

Bearish, but not shorting. I opened a short at 0.28 too, but I couldn't hold it because I'd taken a big loss shorting in the past.

If you opened a short just now, I recommend checking the liquidation heatmap. A few levels:

0.244

0.21
$AIN #AIN

$AIN A major pullback is coming soon; most short positions have already been liquidated. Trade short-term on the short side.

$AIN A major pullback is coming soon; most short positions have already been liquidated. Trade short-term on the short side.

$AIN Looks like something big is coming. They’ve been pumping it since last night and shook out traders twice—at dawn and just now. The market maker is ruthless. Given that they spent a month accumulating at the absolute bottom, I reckon the shell has already been sold. Go long without overthinking it for now and follow the market maker. Those of you holding shorts from the bottom, you’ll have to tough it out. #AIN

I bought a little $IDOL —not for any particular reason. I know the guy behind it, and he’s very capable. So it’s not just a quick pump and dump.