17 billion dollars were pumped into crypto today. there was a big dump when price reached 12.3k, that dump was worth 200 million dollars, buyers absorbed these sells in 10 minutes, leaving many shorts trapped. This zone of trapped shorts creates very strong support as shorts will close their position as price approach them.
drawn are 3 possible paths for price action, with the retest of the triangle very unlikely because whales will not pay to get shorts out of their position rather they will take the price up and liquidate them.
drawn are 3 possible paths for price action, with the retest of the triangle very unlikely because whales will not pay to get shorts out of their position rather they will take the price up and liquidate them.
