- The noise was well recovered and could challenge $ 17.15 resistance and heart to support it.
- The liquidation map showed that the short qualifiers were more intense and closer than the long qualifiers.
Liquid [HYPE] The total closed value (TVL) witnessed a shrinking of $ 636 million in the first week of March to 230 million dollars per month, according to data from Deville.
One of the drivers of this capital was the way Liquid A platform dealt with jelly.
The platform saved its excessive liquid supplier and turned the negative PNL, which came as a result of the tougheet and the long liquidation that was inherited by the liquid height.
In this process, the legitimacy of the course of their work and the decentralization of excessive liquid was interrogated.
The noise can see short pressure in the near term
The trading volume of the platform remained fine and was not at an immediate threat. This also means that the demand for noise was in good health. The outbreak of the distinctive symbol above Comic A week ago, all the losses that were made the distinctive symbol after March 24.
It was approaching the $ 17.15 resistance that was highly characterized by the swing before the descending canal. On the graph for 12 hours, Hype had a bullish structure since its rise above height at $ 12.
Therefore, the time frames for one day and reduce a bullish structure, and will indicate the step beyond $ 17.15 to the height of another leg of excessive distinctive symbol. This result is likely to appear if Bitcoin [BTC] Her nerves were held.
Make A/D from the noise high, as it rose until the highest levels of March. RSI was also higher than 60 to indicate a strong escalating momentum.
source: Coinglass
The filter map showed that some short -term fluctuations are possible. The short relationships were the highest financial leverage positions, and had a liquidation lever as the highest capacity to the price.
In particular, tThe levels of $ 17, $ 17.3 and $ 17.45 are short -term goals due to the high ranking in these areas.
Traders should be cautious about the wrong outbreak of last $ 17.15, driven by short liquidation, as it can be reflected quickly. Re -testing the $ 17 region as a level of requesting a long opportunity for merchants can be represented.
BTC monitoring will be it is very important to understand feelings at the market level and confirm the possible price direction.
Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer
