Trying to long $TST right now is stepping directly into heavy sell pressure.
60 short whales are dominating the order book with $894.52K in active positions, sitting on +$40.4K in unrealized gains with a 71.66% profitability rate from an average entry of 0.01748. Meanwhile, the Notional Long/Short ratio is heavily skewed toward bears at just 35.85%, reflecting massive short conviction as price plummets -22.19% down to 0.01673. Even though long whales have a lower average entry (0.01519), their total position size ($320.70K) is dwarf-sized compared to the short dominance, leaving $0.01519 as the likely magnetic target for this dump.
I am aligning with the dominating short whales. I am opening a short position on $TST to ride this breakdown lower toward the support pool.
My Trade Setup:
• Entry: 0.01660 - 0.01710
• Take Profit 1: 0.01520
• Take Profit 2: 0.01350
• Stop Loss: 0.01820
Are you going to get crushed trying to catch this falling knife or ride the breakdown with the winning bears?
60 short whales are dominating the order book with $894.52K in active positions, sitting on +$40.4K in unrealized gains with a 71.66% profitability rate from an average entry of 0.01748. Meanwhile, the Notional Long/Short ratio is heavily skewed toward bears at just 35.85%, reflecting massive short conviction as price plummets -22.19% down to 0.01673. Even though long whales have a lower average entry (0.01519), their total position size ($320.70K) is dwarf-sized compared to the short dominance, leaving $0.01519 as the likely magnetic target for this dump.
I am aligning with the dominating short whales. I am opening a short position on $TST to ride this breakdown lower toward the support pool.
My Trade Setup:
• Entry: 0.01660 - 0.01710
• Take Profit 1: 0.01520
• Take Profit 2: 0.01350
• Stop Loss: 0.01820
Are you going to get crushed trying to catch this falling knife or ride the breakdown with the winning bears?