$TRUTH While celebrating the rise, whales have already headed for the exit gate. The +37% green candle may whet the appetite, but the data points to a much more calculated scenario. With 120 whales in long positions and only 54 in short, this pushes the Long/Short ratio to a staggering 183.53%.
Institutional players entered the game with an average of 0.0178 and are currently sitting on over $280,000 in unrealized profit. The funding rate rising to 0.0493% is increasing the cost of holding these positions. This usually heralds a volatility wave aimed at shaking out late retail investors.
I'm keeping an eye on the 0.021 level. If this area holds, we could see a squeeze targeting 0.025. However, if we lose 0.020, it's likely the price will quickly revert to the whale entry level of 0.0178.
My plan:
Entry Idea: $0.0208
Take Profit: $0.0245
Stop Loss: $0.0192
Invalidation: 4-hour close below $0.0185
#TRUTH #WhaleWatch #Crypto
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