Everyone is panicking over this 17% dump on $BSB , completely ignoring that whales are actively trapping late shorters.

BSBBSC
BSBUSDT
0.28891
-7.39%

Despite the intraday drawdown, the L/S ratio remains highly skewed at 149%. Smart money absorbed the sell-off with an average long entry of 0.802. They hold $8.79M in positional weight and remain in profit. Short aggression here is high risk. If 0.835 holds as structural support, expect a swift short squeeze targeting late stops. A loss of 0.800 signals a regime shift where those whale longs might be forced to offload.

My trade plan:

Entry Idea: 0.840

TP: 0.910

SL: 0.795

Invalidation: Daily close below 0.800