Limit orders that were supposed to open on the decline and protect the position from liquidation were opened as separate positions and were liquidated.
How did it happen that two limit orders, which were supposed to open at 18.200 and 18.000, meant to protect against liquidation and add margin, were not accounted for? That is, the orders opened at this price but were not included in the total margin of the position.
The chart shows a period of consolidation followed by a rejection, leading to a sharp decline. However, after reaching the $19.09 level, the price has stabilized, indicating strong support and potential accumulation by buyers. This prolonged consolidation phase suggests that selling pressure is weakening, and a reversal could be on the horizon.
With sellers exhausted and buyers stepping in, the price is likely preparing for an upward breakout. Once momentum builds, a bullish move could reclaim key resistance levels, making this an opportune moment to anticipate a trend reversal and a potential rally.
#AUCTION/USDT Stop opening short positions people ! It will hit 50 usdt. And you all will be liquidated. Remember what happened with BNX ? This is second biggest manipulation after BNX this month. Auction will eat all short positions soon.
#DEXE not even react to BTC drop. probably will rise more after this accumulated liquidity. SL and liquidation of 70%+ short positions will take us to the 🌙 tonight.