Trading King
08/11 12:10
High leveraged orders at risk
High leveraged orders at risk
As expected, these bullish signals put about $150 million worth of high leveraged shorts at the risk of liquidation. And, these orders were placed between the $3.27 and $3.37 levels.
In the event that the price respects bulls’ control, a run on these shorts could result in a short squeeze. This could see the price of XRP breach the $3.50-level on the charts.
Fewer positions were clustered below press time levels – A sign that traders favored upside bets. However, their scale appeared to be far smaller than the sell-side orders overhead.
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