High Volatility Alert

The market is still very volatile, which is more likely to prevent you from holding a position with an adequate risk/profit ratio. Already liquidated positions amounting to about eight billion. You should not get involved now. As you can see in the screenshot most of the positions were long, now it will not be a surprise if they do the same with short positions.

This time the recommendation will be a little different. We already pointed out that the best solution is to do nothing, and those who were asking yesterday whether it is worth selling can see that sometimes doing nothing is the right thing to do.

For starters, here's a reminder of this scenario, which was mentioned back on 5/13/21

It was the aggressive downside option, which is essentially what we got.

But please note that in the screenshot, there is another wave of decline that followed the sharp recovery. This also coincides with the picture of the liquidations above.

Let's look again

As you can notice after the first liquidation wave, another one will follow.

At this moment, we could already get these two liquidation waves, but maybe not, if you are guided by the historical behavior of Bitcoin shown in the screenshot from 05.13.21

But let's go back to our recommendation. As we said before, it is ineffective to take any of the usual actions now. We said that during such volatility, it is better to calculate a stop loss based on the fact that your stop loss is the value of the project\coin equal to zero, but many may miss this point.

So for today, we recommend that you place a pending order for the DOTUSDT pair in the range of $14 to $18.