Whale Opportunity
Opportunity:
Technical analysis had led many traders into short positions. With a large amount of open shorts (red line) and few open longs (green line), conditions are set for volatile price action. All it would take is a a whale to push price high enough to trigger a cascade of stop losses.
With that in mind, I will be watching for another opportunity for the whales.
The set up could be similar but opposite of the previous one. If the amount of open longs balloon because of technical analysis, this could create an opportunity for volatile price action. This time downwards.
Opportunity:
Technical analysis had led many traders into short positions. With a large amount of open shorts (red line) and few open longs (green line), conditions are set for volatile price action. All it would take is a a whale to push price high enough to trigger a cascade of stop losses.
With that in mind, I will be watching for another opportunity for the whales.
The set up could be similar but opposite of the previous one. If the amount of open longs balloon because of technical analysis, this could create an opportunity for volatile price action. This time downwards.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.