My expectation for the upcoming direction #Pippin

The analysis is based on the futures contract liquidation map, and its goal is to identify areas with significant liquidity, meaning places where if the price reaches them, strong liquidations will occur.

The current price is trading in the range between approximately 0.38 and 0.39.

The closest clear liquidity cluster is above the price in the area from 0.40 to 0.42, which means there are a large number of open sell orders there, and if the price moves upward and reaches this area, it is likely that short liquidations will occur and a rapid movement in the upward direction.

Conversely, there is a strong liquidity cluster below the price in the area from 0.34 to 0.33, which means there are many long positions stuck there, and any clear break below 0.34 could cause violent liquidations and a rapid drop.

Based on the proximity of liquidity areas to the current price, the most likely scenario is that the price moves upward first to target the area of 0.40 – 0.42, and then the reaction will be monitored, either a strong rejection leading to a correction or a breakout and continuation upward.

The bearish scenario begins if a break and consolidation below 0.34 occurs, and then the next target would be 0.33 and then 0.30.

The map does not definitively determine the direction but clarifies liquidity locations, and therefore the best entry is always close to liquidation areas, not in the middle of the movement.