#ETH fell below 2400, liquidating 500 million long positions; if it rises to 2600, it will liquidate 1.1 billion long positions. Guess which way it will go next? Will it completely uproot the longs, or will it go up to eliminate the shorts before coming down? What do you think? 👀👀
For those wanting to go long, set a small stop loss at 2440, and a strict stop loss if it breaks 2400 to exit the position.
Now that there are so many shorts, if it holds and goes up, it will definitely touch 2600.
If it breaks through the key support, a sell-off could trigger a major waterfall!
