$SANTOS Chart 4H. Interestingly, all long positions have disappeared from the liquidation map. However, I know for sure that they were not liquidated. This may mean that participants closed their positions.
There are several conclusions from this:
1) There is a motive for the price to move up on futures, but no motive for it to move down.
2) There are sellers on the market, but no buyers.
3) However, to continue the downward movement or change direction, large orders are needed.
The Whale Order Analysis chart shows:
- Long orders – $698k in the range of $2.1 - $2.0.
- Short orders – $859k in the range of $2.8 - $3.1.
Where do you think the price will go?
