Anyone attempting to short $CAP at this resistance level is walking straight into a trap.
56 long whales are holding $2.74M in total volume, sitting comfortably on over $778K in unrealized gains with an entry price down at 0.0321. On the other side, 47 short whales are bleeding over -$100K in net losses with an entry average at 0.0414. With a 206.71% Notional Long/Short ratio pushing the +12.24% move, the bears are about to get forced out in a violent squeeze.
I am not shorting this strength. I am opening a long position on this consolidation before the price breaks out to new highs.
My Trade Setup:
• Entry: 0.0438 - 0.0450
• Take Profit 1: 0.0520
• Take Profit 2: 0.0610
• Stop Loss: 0.0402
Are you riding with the profitable whales or donating your balance to their liquidity?
56 long whales are holding $2.74M in total volume, sitting comfortably on over $778K in unrealized gains with an entry price down at 0.0321. On the other side, 47 short whales are bleeding over -$100K in net losses with an entry average at 0.0414. With a 206.71% Notional Long/Short ratio pushing the +12.24% move, the bears are about to get forced out in a violent squeeze.
I am not shorting this strength. I am opening a long position on this consolidation before the price breaks out to new highs.
My Trade Setup:
• Entry: 0.0438 - 0.0450
• Take Profit 1: 0.0520
• Take Profit 2: 0.0610
• Stop Loss: 0.0402
Are you riding with the profitable whales or donating your balance to their liquidity?