This Right here is know as Double Squeeze.
and yes it's very likely that Most of the Retailers Holding Long or Short position both Got Liquidated.
Losses can only be Prevented By maintaining a Strict Stop loss near the Support or a Resistence for a Safe Trade.
One Example of a Short Squeeze Happened with $TRB when it pumped to more than 600$ within 24 hours.
One example for Double Squeeze was Bitcoin when it touched All time High of 69000$
It Rapidly fell down by 10000$ within 15Mins and Recovered everything In the next 10mins.
How to Identify These things?
Indicators Like RSI and Constant Volume Checking In Every Candle Will Increase the Chances of Avoiding such Squeezes.
It's Highly Recommended that you don't trade in these Type of coins Especially The ones which has History of Crazy manipulation.
Choose your Trades Wisely.
