Before You Trade, See Which Altcoins Are In for a Massive Squeeze
- New data on liquidation density reveals a deep divide in the altcoin market, signaling high volatility
- One group, including AVAX and LINK, faces a massive “short squeeze” risk, which is a bullish setup
- Another group, including RUNE and DOGE, faces a significant “long squeeze” risk, a bearish setup
A growing number of crypto traders are shifting their focus from traditional price action to liquidation density, a lesser-known but powerful metric that can offer early signals of significant price shifts.
The latest data from the analytics platform TheKingfisher reveals a noteworthy imbalance between short and long liquidations across several major cryptocurrencies. These patterns could spark abrupt market movements as key price levels are tested.
Short Squeeze Watchlist: AVAX, LINK, LTC, and XLM
Four major…
The post Before You Trade, See Which Altcoins Are In for a Massive Squeeze appeared first on Coin Edition.
Read More
Before You Trade, See Which Altcoins Are In for a Massive Squeeze
- New data on liquidation density reveals a deep divide in the altcoin market, signaling high volatility
- One group, including AVAX and LINK, faces a massive “short squeeze” risk, which is a bullish setup
- Another group, including RUNE and DOGE, faces a significant “long squeeze” risk, a bearish setup
A growing number of crypto traders are shifting their focus from traditional price action to liquidation density, a lesser-known but powerful metric that can offer early signals of significant price shifts.
The latest data from the analytics platform TheKingfisher reveals a noteworthy imbalance between short and long liquidations across several major cryptocurrencies. These patterns could spark abrupt market movements as key price levels are tested.
Short Squeeze Watchlist: AVAX, LINK, LTC, and XLM
Four major…
The post Before You Trade, See Which Altcoins Are In for a Massive Squeeze appeared first on Coin Edition.
Read More