$IN Everyone got shaved
After a vertical takeoff to the peak high in the $0.265 area, the previous hourly candle opened with aggressive selling. A cascading squeeze of long positions is underway—longs that jumped in at the very top.
Earlier, price had been accumulating for a long time under the resistance line, where it sequentially confirmed two bullish structure breaks (BoS at the $0.108 and $0.13 levels).
Today the asset ran a vertical pump, fully liquidating the shorts, and then immediately received a devastating pullback.
EMA 50 is at $0.12983.
EMA 200 (the blue line) is below—at $0.10454 (right at the level of the very first BoS).
After a vertical takeoff to the peak high in the $0.265 area, the previous hourly candle opened with aggressive selling. A cascading squeeze of long positions is underway—longs that jumped in at the very top.
Earlier, price had been accumulating for a long time under the resistance line, where it sequentially confirmed two bullish structure breaks (BoS at the $0.108 and $0.13 levels).
Today the asset ran a vertical pump, fully liquidating the shorts, and then immediately received a devastating pullback.
EMA 50 is at $0.12983.
EMA 200 (the blue line) is below—at $0.10454 (right at the level of the very first BoS).