Smart money is aggressively pumping the price higher to trigger a massive short squeeze on trapped sellers.
I am looking at the updated whale dashboard for $AIA and the 1-hour trend is looking incredibly bullish. The price went up by over 35.7% to cross 0.0781800, continuing its strong upward expansion. I noticed that 72 whales are deeply trapped in short positions with an average entry price of 0.0666247, keeping them stuck in massive losses.
My trade plan is to ride with this dominant buying order flow and hunt for a long position on any minor dip. The market structure has cleanly shifted higher, and the 51 whales holding longs are highly profitable from their average entry of 0.0633668. Since 92.15% of the long whales are in profit, the strong buying pressure will likely force trapped shorts to buy back and exit.
I am planning to enter this long position near the recent local support zone with a strict risk structure. If the price slides back down below the profitable buyers' entry level, my idea is invalid. Otherwise, I expect the price to keep surging forward into clean liquidity resting above.
Trade Plan:
Entry: 0.0750000
Stop Loss: 0.0710000
Take Profit 1: 0.0790000
Take Profit 2: 0.0830000
