Watch out for a potential flat here. It needs to break the 1.618 resistance in order to go any higher. Nearly $200 million in over-leveraged shorts sitting from $11.6k-$11.8k. Lots of liquidity for a whale to flip from long to short.
Note
Looking for something like this to form for more potential upside
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.