Things are going exactly as I expected. This made me suspicious. would there be a breakdown of the previous month's high? However, if this breakout occurs, a stop can be placed at 28900 and a new attempt can be made when the price re-enters between 29.200 and 30.400. It is very difficult to grasp whether volatility is an advantage or a disadvantage in the crypto market.
still, it is possible to say that a liquidity zone is formed at 28,300 and above.
Long and short analyzes will be made and additions will be made to this analysis.
there is a 3% shift from long to short from yesterday to today. This again indicates that there may be a shake-up. that's another reason for 29,200. I don't think there will be a decrease without being shaken out completely.
there is a 3% shift from long to short from yesterday to today. This again indicates that there may be a shake-up. that's another reason for 29,200. I don't think there will be a decrease without being completely shaken off.
I know it's a little confusing. however, to put it simply, we did not enter short because the amount of short position was more than long. there is now a further shift to the short side. So I think even faster liquidation candles are possible.