Shorting $HOME at this level is like stepping into a meat grinder with your eyes closed.
65 short whales are currently trapped in red losses at an average entry of 0.00979, while 51 long whales control over $3.2M in volume with +$215K in unrealized profits. To make matters worse for the bears, funding is negative (-0.0074%), forcing shorts to pay every single funding interval as the price breaks higher toward 0.0100.
I’m not betting against the big money. I am opening a long position right now before the short liquidation cascade hits.
My Trade Setup:
• Entry: 0.00970 - 0.00995
• Take Profit 1: 0.01180
• Take Profit 2: 0.01420
• Stop Loss: 0.00905
Are you going to pay the negative funding fees or ride the breakout surge?
65 short whales are currently trapped in red losses at an average entry of 0.00979, while 51 long whales control over $3.2M in volume with +$215K in unrealized profits. To make matters worse for the bears, funding is negative (-0.0074%), forcing shorts to pay every single funding interval as the price breaks higher toward 0.0100.
I’m not betting against the big money. I am opening a long position right now before the short liquidation cascade hits.
My Trade Setup:
• Entry: 0.00970 - 0.00995
• Take Profit 1: 0.01180
• Take Profit 2: 0.01420
• Stop Loss: 0.00905
Are you going to pay the negative funding fees or ride the breakout surge?