$ALCH After a period of long positions trend, it fell, then fluctuated until the heat dropped to freezing point, initiating a significant fall. Now it is again in a phase of consolidation.

So, have the long positions held by the market maker been cleared? I have always felt that they haven't, so I held onto the long positions, but I missed the entry period, so it's a small position.
The reason is that certain large holders and smart money are mostly holding long positions, and now that the enthusiasm has decreased, the fall will not lead to a significant influx of new capital. Only by closing out the floating profit of the short positions can it reduce the long positions held by the market makers.
So, is it the right time to add to positions and average down the cost of long positions? It feels too much on the left side, waiting for the candlestick to show a long positions trend.
So, could it possibly fall all the way down, with the traders slowly closing their positions, exchanging time for volume? I'm not sure, the traders have been pushing the long positions higher, but I don't know where the cost of the long positions actually is.
It was noticed that after today's fall, the position of a certain investor increased rather than decreased; it was the market maker who opened short positions instead of closing long positions. Although one can balance long and short positions, it still feels like a trap to lure people into shorting.
Perhaps my long positions view will soon be shattered. Set stop losses to protect the principal. I will pay for my understanding, but I will not go short, as it does not offer good value.