Smart money is aggressively pumping the price to trap early short sellers under a mountain of losses.
I am looking at the whale data for $H - which appears to be $HIGH based on the token logo - and the 1-hour trend is looking strongly bullish. The price went up by over 11.9% to reach 0.2415900, showing clear upward momentum. I noticed that 118 whales holding long positions are highly profitable right now from their low entry price of 0.1423071, and 86.44% of them are in the green.
My trade plan is to ride with this strong whale order flow and look for a long position on a small pullback. The market structure is healthily moving upward, and 73 shorting whales are deeply caught in loss with their average entries trapped much lower at 0.1906135. Since these sellers are under intense pressure, they will likely be forced to buy back their positions, which will drive the price even higher.
I am planning to enter this long position near the immediate buyer support zone with a strict risk structure. If the price slides back down below our entry support levels, my trade plan becomes invalid. Otherwise, I expect the price to keep climbing toward the clean upside liquidity zones.
Trade Plan:
Entry: 0.2400000
Stop Loss: 0.2200000
Take Profit 1: 0.2600000
Take Profit 2: 0.2800000
