Did you know? why $BTC
BTCUSDT
Perp
76,712.2
-2.94%
btc dumped after making high of 79.4k?
here's is an simple explanation which can be understood even by an teenager 🤣
if we check 1 day candle then few days before btc made an high of 79.2k then started sideways..
now think 🤔 💬 like an institute.
after making high retailers usually prepared for short position and sl where placed above 79.2k
but even if some people bought btc on discounted price then usually thier take profit will be previous high..
that means 79.2k is an major volume stucked area.. so reacting on 79.4k is an simple market behaviour where distribution of take profit and stoplosses(liquidity) grabbed
this is how levels, SMC, liquidity works...
$AIOT
AIOTUSDT
Perp
0.08394
+8.60%
$AIN
AINUSDT
Perp
0.08837
+6.18%