The longs are very hot, already yesterday we liquidated a lot up to 19.9K and the liquidation map confirmed yesterday's low at 19.9K
Today it's the same with a big spike at 19.9K and this time just 2% of the price so with huge leverage between 40X to 50X
I think we will go for 19.9K again today to do a double Bottom and then try to go back up to come back a bit above between 22K to 23K.
The market waits for the news, and in the meantime the price consolidates in an accumulation range followed by manipulation before a distribution either north or south,
I think we will soon have the manipulation at the bottom of 19.9K to come back above again and do a second manipulation between 22K and 23K before continuing the medium-term downward trend.
Today's liquidation map bellow:
Yesterday Longs open positions with a giant liquidation peak at 19.9K far from 4% of the price, therefore with average leverage at 25X
yesterday's liquidation map bellow:
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