Short sellers are trapped in deep losses as buyers force the price up into strong bullish territory.
I am looking at the whale data for $LIT USDT. The current price is at 1.325400, showing a solid upward move of over 20%.
My analysis shows that 65 whales are caught in long positions with an average entry price of 1.601727 and are down on their trades. However, 58 whales are sitting in profit on short positions with an average entry price of 1.370876. Since the current price has jumped up sharply today and cleared out immediate lower liquidity, the 1-hour trend is bullish as buyers maintain control of the momentum.
I am planning a long setup on a short-term pullback toward the support floor. I want to buy near the key liquidity pool where the profitable short whales are likely to buy back and close their positions.
My trade plan uses a strict 1:2 risk-to-reward ratio.
Entry: 1.300000
Stop Loss: 1.250000
Take Profit 1: 1.350000
Take Profit 2: 1.400000
