As Story Protocol token’s trend showed reduced momentum and constant sell pressure, the $3 level faced a likely breakdown. Traders needed to wait longer until the price showed signs of life, as it continued to bleed.
Meanwhile, the IP liquidation heatmap underlined a crowd short liquidity just below $3.60. This was a probable force of downward pressure. With price declining, visible long liquidations were seen at $2.90 and $2.50.
The levels were major areas where potential buyers could fight at.
The level of $3.00 had become a neutral pivot. That way, an overshoot higher would elicit short squeezes up to $3.60, but a move below $2.90 may give way to more rapid liquidations to $2.50.
In that respect, price would be attracted to the highest concentration of liquidity.
#Post To Earn Bonus#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Do you think HOME is promising?#Do you think EDGEN is promising?
全部評論0最新熱門