195 whales are suffocating in losses now, and I am preparing to sell their panic (Short) to make huge gains.
Whale outlook: the situation is one of complete stagnation. 97 whales in long positions are trapped at $0.169, and even sellers are suffering minor losses. But the selling volume is double that of buying, indicating that the bulls are about to capitulate.
My predictions: bearish. The price is hitting the last defense line at the EMA 99 average ($0.1429). If this support breaks, we will witness a free fall.
My trading plan:
* Direction: Sell (Short) - Speculating on the break
* Entry: $0.1415 - $0.1425 (only after breaking EMA 99)
* Targets: $0.1380, $0.1350, $0.1300
* Stop loss: $0.1465
Reason: Buyers are trapped at much higher levels than the current price. Once the EMA 99 wall collapses, these 97 whales will be forced to sell in panic to stop the bleeding. I will sell that collapse.
DYOR #dusk