So you’re saying all the longs closing get bought up

Question

WAGMI: Chainlink Community

Matt S.

So you’re saying all the longs closing get bought up

right away, thus showing strength? If so, then why would the longs close if they know we’re in an uptrend?

#blockchain #cryptocurrency #english #link

0

11.01.2022

9 ответов

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Matt S. Автор вопроса

altcoingamer
longs closing also makes it so you cant cascade in...

That makes sense, thanks. I just still don’t understand their motivation for closing. Pretty clear to me we’re in an uptrend and I’ve been buying link every time it dips.

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11.01.2022

Slomo Sapiens

Matt S.
That makes sense, thanks. I just still don’t under...

they may have enough to wagmi.. and be a non believer

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11.01.2022

Doug E.F

Because they are probably large positions and want to manage risk if all of crypto nukes.

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11.01.2022

Matt S. Автор вопроса

Doug E.F
Because they are probably large positions and want...

Ok, I guess I’m wrapping my head around it. Over leveraged longs close to protect their profits but they get bought up right away, hence what seems bearish becomes bullish

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11.01.2022

Doug E.F

Matt S.
Ok, I guess I’m wrapping my head around it. Over l...

I'm not even certain I would call them over leveraged. They've been open a long time and survived the $16 drop.

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11.01.2022

Doug E.F

Doug E.F
I'm not even certain I would call them over levera...

But the point is that it's a lot of selling pressure that is being bought up. And then some.

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11.01.2022