I see smart money raking in strong profits from short positions while early buyers are stuck in hefty losses on $SUI .
Looking at the whale data for coin $SUI
, the market trend is crystal clear to me. I've noticed that 214 whales are in short positions, netting over $2.8 million in profits, while 277 whales are trapped in long positions with deep losses. The average entry for the losing long trades is way above the current price, indicating they're stuck with the market downturn.
Due to this strong selling dominance and the trapped buy orders, my outlook is bearish. I'm planning to trade with this downward flow rather than trying to buy the dip. I expect the price to drop further and hit the lower liquidity zones soon. Here’s my personal trading plan to set up this short.
Trade Setup: Short $SUI
Entry: 0.9205
Stop Loss: 0.9505
Take Profit 1: 0.8905
Take Profit 2: 0.8605#ArthurHayes’LatestSpeech #SoldierChargedWithInsiderTradingonPolymarket
Looking at the whale data for coin $SUI
, the market trend is crystal clear to me. I've noticed that 214 whales are in short positions, netting over $2.8 million in profits, while 277 whales are trapped in long positions with deep losses. The average entry for the losing long trades is way above the current price, indicating they're stuck with the market downturn.
Due to this strong selling dominance and the trapped buy orders, my outlook is bearish. I'm planning to trade with this downward flow rather than trying to buy the dip. I expect the price to drop further and hit the lower liquidity zones soon. Here’s my personal trading plan to set up this short.
Trade Setup: Short $SUI
Entry: 0.9205
Stop Loss: 0.9505
Take Profit 1: 0.8905
Take Profit 2: 0.8605#ArthurHayes’LatestSpeech #SoldierChargedWithInsiderTradingonPolymarket