Betting against $EWY right now is financial suicide. I am positioning alongside a terrifying 512% long skew.

EWY
EWYUSDT
212.98
+1.77%

Whales hold $3.51M long exposure versus just $685K short. The long profitability sits at 92%. Shorts are trapped deeply underwater since 169.06. This is extreme directional consensus. Pullbacks are strictly for absorbing liquidity. If price defends 188.00, we see clear continuation into price discovery. A breakdown below 185.00 would be the only valid reason to reassess this dominant long pressure.

My trade plan:

Entry Idea: 190.00

TP: 200.00

SL: 184.00

Invalidation: Sustained trading below 185.20