Smart money is heavily trapping early buyers as massive selling volume pushes the floor lower.
I am looking at the whale data for $BILL and the 1-hour trend is looking completely bearish. The price dropped hard by over 26.4% down to 0.1458600, showing major breakdown momentum. I noticed that 62 whales are severely trapped in long positions with a high average entry price of 0.1602963, keeping them stuck in deep loss.
My trade plan is to ride with this dominant bearish order flow and look for a short position on any minor bounce. The market structure has cleanly broken down, and the 55 whales holding shorts are sitting comfortably in green from their entry of 0.1563320. Since the trapped buyers are under heavy pressure, their liquidations will likely force the price down further.
I am planning to manage this trade with a very strict risk setup near the recent breakdown level. If the price goes back above the profitable shorts' average entry zone, my idea is invalid. Otherwise, I expect the price to continue falling toward lower liquidity targets.
Trade Plan:
Entry: 0.1460000
Stop Loss: 0.1510000
Take Profit 1: 0.1410000
Take Profit 2: 0.1360000
