Alot of trades looking juicy for this coming week since we ve got volatility back to the market, if you took any trade for longs over the weekend then it will be amazing and wise to take profits as alot of Altcoins are in a down trend and running into resistances. Doesnt mean it cant go higher , for sure it can but we usually consider the weekend move mostly will get retraced , if not fully then big part of it, so do well to pay yourself.
There's something important that i saw in banters discord group and i want to share also so one can pay attention to it, Consider this information as an additional factor to consider, but maintain your trust in the trading system you are using for the market. Make use of pivotal levels to determine when to shift between long and short positions.
I've noticed many people whobare usihg discussing the $20 billion shorts liquidations and relying on Hyblockcapital. However, there seems to be a misunderstanding. Hyblockcapital's liquidations pertain to open trades, not closed ones. This means that if someone takes a profit and closes a portion or a significant part of their position, it won't be reflected in those figures. Instead, we should rely on the Open Interest metric in the market, as it provides more accurate numbers. This is where you can observe an open interest of almost $8 billion.
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