Im going for a short position here

The price is currently at $1606 and if the price moves from this point towards the DOWNSIDE then there will be more LONG positions compared to SHORTS that are at the risk of getting liquidated. The current value of Cumulative Delta is above +5B. This also represents the social sentiment that more BUY orders are placed currently.
Read this chart carefully as these are one of the most important levels for any price movement.