In the past 24 hours, over 195,500 traders were liquidated, with long positions losing $550 million, while short positions only lost $59.25 million. It was a precise massacre targeting the longs! 😨
In such a market, charts and analysis seem powerless. To the longs: stay strong. 🙏
If you’re in spot trading, don’t panic—every dump is an opportunity to buy at a lower cost. But for contracts, managing your position is crucial! You can stop the loss, but never get completely liquidated! ⚠️