Buy Walls Below May Not Withstand Long Liquidations
Buy walls below Bitcoin's current price may not be reliable, as large support orders could fail to hold the price under intense selling pressure. Market concerns suggest that…
Buy walls below Bitcoin's current price may not be reliable, as large support orders could fail to hold the price under intense selling pressure.
Market concerns suggest that once long positions are force-liquidated or triggered for liquidation, buy orders could be easily overwhelmed, sparking a cascading decline. Investors are advised to be wary of the risk of buy wall failure.
[Rhythm]
Original: https://www.theblockbeats.info/flash/370795
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