$ETH After these past two days of washing and sharp declines, many retail investors, as well as whales and institutions, have been liquidated a lot, with most long positions being liquidated. So now, is it time to go short?
It should be time for a rally, right? Was yesterday's 3030 really the top?
A market capitalization of $ALCH 1.89 billion is not low, and many people are currently shorting this coin. Will it directly spike to liquidate everyone? This is still a possibility, so Brother Cai chooses to set a stop loss of 0.24 to ensure the safety of the position.
The reason for shorting is also very simple: this coin has already shown a top divergence on the 4-hour chart, and there is heavy selling pressure above: large sell orders, and the buyers are weak, causing the price to remain under pressure.
