Liquidity Accumulation After Market Decline
Currently, the main short positions are concentrated around 67,500, which is roughly the rebound zone from last night. Most traders tend to set their stop-loss at the resistance level that couldn't be broken through, which is the liquidation point.
The short accumulation above that is roughly around 70,000 and 72,000, but the momentum is not strong at the moment.
On the other hand, the main long liquidity is concentrated around 65,000, which is a relatively strong support level. If this level is broken, then 60,000 won't hold either.
Further down, long liquidity is concentrated around 62,000 and 58,000.
Currently, the main short positions are concentrated around 67,500, which is roughly the rebound zone from last night. Most traders tend to set their stop-loss at the resistance level that couldn't be broken through, which is the liquidation point.
The short accumulation above that is roughly around 70,000 and 72,000, but the momentum is not strong at the moment.
On the other hand, the main long liquidity is concentrated around 65,000, which is a relatively strong support level. If this level is broken, then 60,000 won't hold either.
Further down, long liquidity is concentrated around 62,000 and 58,000.
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