In an alternate reality: I'm a billionaire. I'm watching a very public asset called CoinBit linger below 100K - a very unusual and exciting situation.
So I sell! I DO NOT let it break above 100K, and I sell so much that it pushes price all the way down to break into a liquidity pool below the previous trading range. Then I buy-buy-buy all the way up to squeeze the shorts with stops around 100K.
In terms of unbiased odds based on TA alone, this prediction is wack. But I think this is a unique window of time where something like this could happen, and if it does happen, this is what it might look like.
So I sell! I DO NOT let it break above 100K, and I sell so much that it pushes price all the way down to break into a liquidity pool below the previous trading range. Then I buy-buy-buy all the way up to squeeze the shorts with stops around 100K.
In terms of unbiased odds based on TA alone, this prediction is wack. But I think this is a unique window of time where something like this could happen, and if it does happen, this is what it might look like.
Trade active
Potential short term short squeeze could break 99K, I don't think it will break 100K Note
Long closed, short open
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.