#analysis 9 - Going to any liquid levels
Updated
The price dump few hours ago, and now it hangs there. According to the range strategy, the price is at the lower part of the blue range, so I think there's higher possibility to going down. The first level will be at around 19.5K, then it will go down to around 17.5K. But for now it's better to wait.
As for the futures data, the OI is still really high, at about 100K here. From the change of LS and OI, we can see that the big players are still holding their long positions. If the LS ratio stuck at around 1, or even <1, it's highly possible to pump.
It's Monday, so we'd better to see how it goes.
As for the futures data, the OI is still really high, at about 100K here. From the change of LS and OI, we can see that the big players are still holding their long positions. If the LS ratio stuck at around 1, or even <1, it's highly possible to pump.
It's Monday, so we'd better to see how it goes.
Note
The first time I paste Coinglass data here. It's not pretty good to view. I'll try to zoom out a little bit in future.
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