Shorting $VELVET right now is a guaranteed recipe for liquidation.
74 short whales are trapped in a nightmare scenario with over $1.55M in volume, bleeding -$137.6K in unrealized losses with an average entry down at 0.6333. Meanwhile, 45 long whales are sitting comfortably in profit with a 75.55% profitability rate as the price explodes +53.25% to 0.6947. With price trading way above the bear entry zone, these trapped shorts are on the verge of getting forcefully squeezed into the next vertical leg up.
I am not standing in front of this aggressive momentum. I am opening a long position right now to squeeze the bears.
My Trade Setup:
• Entry: 0.6800 - 0.7000
• Take Profit 1: 0.8200
• Take Profit 2: 0.9800
• Stop Loss: 0.6150
Are you going to get liquidated with the trapped shorts or ride the squeeze to the top?
74 short whales are trapped in a nightmare scenario with over $1.55M in volume, bleeding -$137.6K in unrealized losses with an average entry down at 0.6333. Meanwhile, 45 long whales are sitting comfortably in profit with a 75.55% profitability rate as the price explodes +53.25% to 0.6947. With price trading way above the bear entry zone, these trapped shorts are on the verge of getting forcefully squeezed into the next vertical leg up.
I am not standing in front of this aggressive momentum. I am opening a long position right now to squeeze the bears.
My Trade Setup:
• Entry: 0.6800 - 0.7000
• Take Profit 1: 0.8200
• Take Profit 2: 0.9800
• Stop Loss: 0.6150
Are you going to get liquidated with the trapped shorts or ride the squeeze to the top?