Short whales made over +$1.62M on $CHIP
P—will retail get liquidated next?! 😱
With the Long/Short ratio crushed down to 12.42%, 117 short whales are totally in control on $3.56M of position volume. $CHIP is down -1.57% and 95.72% of shorts are profitable! I am preparing to open a short position to trend-follow this dominant move, but I will quickly switch to a long if a bottom pattern confirms. Tick tock!
P—will retail get liquidated next?! 😱
With the Long/Short ratio crushed down to 12.42%, 117 short whales are totally in control on $3.56M of position volume. $CHIP is down -1.57% and 95.72% of shorts are profitable! I am preparing to open a short position to trend-follow this dominant move, but I will quickly switch to a long if a bottom pattern confirms. Tick tock!