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I expect a major liquidation operation for the longs in the coming days.

The market will drop to areas that wipe out all buy orders and target liquidity below to hit the stop losses, after which there will be a significant rise to liquidate the short positions.

So keep some amount of reinforcement aside for spot trading.

As for futures traders, they should be on high alert, and it's preferable for their stop loss to be quite far if they are entering a swing.