Big money is heavily divided on this move, but I am watching a short trap form as price runs up.
I see $STG is trading around 0.1786000, up over 15% today. The hourly market structure is pushing higher, but the whale data reveals an interesting dynamic. There are 132 whales holding short positions compared to 52 whales holding longs. While the long whales are well in profit from 0.1600863, the short whales are still holding their ground with an average entry at 0.1859885, keeping them barely in profit as price moves against them.
Because the massive crowd of shorting whales is defending their zone up around 0.1859, the order flow tells me this upward run is likely to face a hard ceiling. I am planning a short setup as the price stretches up into that whale resistance cluster. The trade plan follows a strict mathematical layout where my profit target is exactly double my risk.
Trade Plan:
Entry Price: 0.1810000
Stop Loss: 0.1860000
Take Profit 1: 0.1760000
Take Profit 2: 0.1710000
