1. The
price moves towards the
$26k level, where the first
stop-losses are
triggered and
liquidations of buyers start to happen. They placed their
stop-losses and
liquidations there, because they are
hoping that an
update of the previous recent
low will cause the price to
drop to $20k.
The drop to $26k sets of a
chain of
sales and
liquidations, which will
race towards the
wall of buy
orders at
$20k.
For the MM to buy the entire volume, they would have to
place their
orders in the
$22k - $25k range, so that the liquidation chain wouldn't stop, but also prevent the price from reaching the
$20k level.
So we have a low somewhere in the $22k - $24k range.https://t.me/Crypto_Futures_Trading
