$BTC
“Just enough to clear the 64.2K shorts” and it then drops. It was completely about raising to clear liquidity; after the clearance, a rapid drop unfortunately makes it the side being cleared. There are signs of a double top on the 4-hour chart. The short opened yesterday was a bit early. If we open according to market liquidity, this move can very easily allow you to get filled on the short.
Checking the liquidation charts on Coinank every day can also help you place orders with ease. First, look for support at 61.5k. Observe the spot order-flow accumulation at this level. If market buying interest isn’t strong, then at least this move should pull back to 60k–59k
“Just enough to clear the 64.2K shorts” and it then drops. It was completely about raising to clear liquidity; after the clearance, a rapid drop unfortunately makes it the side being cleared. There are signs of a double top on the 4-hour chart. The short opened yesterday was a bit early. If we open according to market liquidity, this move can very easily allow you to get filled on the short.
Checking the liquidation charts on Coinank every day can also help you place orders with ease. First, look for support at 61.5k. Observe the spot order-flow accumulation at this level. If market buying interest isn’t strong, then at least this move should pull back to 60k–59k