๐Ÿ”ฅ $BLEND Urgent warning after the sharp surge: Be cautious when chasing highs!



Today just experienced a violent rally on-chain from 0.09 to 0.25, currently $BLEND at $0.20.

But the liquidation data is very strikingโ€”

1-hour liquidation:

ยท Longs $64k / Shorts $39k / Total $24k

4-hour liquidation:

ยท Longs $69k / Shorts $44k / Total $25k

12-hour & 24-hour liquidation:

ยท Both Longs $69k / Shorts $44k / Total $25k

๐Ÿ‘‰ Long liquidation amounts continue to be higher than shorts, indicating that those chasing longs are being repeatedly liquidated.

๐Ÿ“Œ The conclusion is very clear:

1. The short-term has doubled from the bottom, with huge profit-taking
2. The futures market is a long-short double kill, especially longs being repeatedly liquidated
3. The current price at 0.20 chasing highs has a very poor risk-reward ratio

โš ๏ธ Recommendations:

ยท Want to go long? Wait for a pullback and stabilization
ยท Want to open a short? Beware of pin risk
ยท The safest: Wait and see

Itโ€™s not that Iโ€™m not optimistic, but timing is more important than direction. $BLEND
BLEND-14.05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments