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【$COMMON Signal】Empty Position + Panic Selling Pattern
$COMMON is experiencing a panic sell-off, with a daily decline of -37.59%. Combined with high open interest, this is a typical long liquidation stampede, not a healthy correction.
🎯 Direction: Empty Position
Market logic is clear: a sharp price drop accompanied by high open interest indicates a liquidity crisis caused by forced long liquidations in futures. The chart shows a decline with no resistance; any bottom-fishing behavior could be swallowed by subsequent liquidation orders. There is no clear bottom structure at the moment; it is necessary to wait for a significant decrease in open interest and a contraction in price volatility to confirm that selling pressure has been exhausted.
Trade 👇 $COMMON
here
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