That what I see.
1-st scenario.
I think it would be logic, if we look from TA, to go up from current price. The one thing, which confuse - we have a big volume short position. They(market maker) possible can squeeze the price to "activated liquidity" line with a nice pump after. I do not think that the price can drop below 3400. Of course, we have to consider about manipulation, because it's crypto :(
So, they can drop the price to ±3360 zone.
What we should do?
If you want to long from current price, you should insure your position by short with 2:1 ratio (2 - long and 1 short). Example - if you opened 200$ long, open 100$ short. The targets to short - ±3360 zone.
Also you can set an order to ±3340 zone.
1-st scenario.
I think it would be logic, if we look from TA, to go up from current price. The one thing, which confuse - we have a big volume short position. They(market maker) possible can squeeze the price to "activated liquidity" line with a nice pump after. I do not think that the price can drop below 3400. Of course, we have to consider about manipulation, because it's crypto :(
So, they can drop the price to ±3360 zone.
What we should do?
If you want to long from current price, you should insure your position by short with 2:1 ratio (2 - long and 1 short). Example - if you opened 200$ long, open 100$ short. The targets to short - ±3360 zone.
Also you can set an order to ±3340 zone.