🔻 248 Whales in Loss | -$6.59M Unrealized PnL** | **$LINK
Data Breakdown:
· Long/Short Ratio: 61.00% (Bearish Bias)
· Long Whales in Profit: Only 9.67%
· Average Long Entry: $11.338 (Significantly Above Current Price)
· Recent Whale Activity: 80 Buyers vs 108 Sellers | Net Sell Volume: -$13.02K (Slight Selling Pressure)
Critical Levels:
· Immediate Support: $9.40
· Resistance to Watch: $9.80 - $10.00
· Breakdown Target: $9.20 - $9.00
Market Implication:
Heavy long positioning is underwater with minimal profitable positions. Despite near-equal buy/sell volume, seller count exceeds buyers, indicating distribution. A break below $9.40 could accelerate selling toward $9.00. Reclaim above $10.00 needed for bullish structure recovery.
Trading Plan:
· Short Entry: $9.75 - $9.85 (if rejection occurs)
· Target: $9.20 - $9.00
· Stop Loss: $10.10
· Long Entry (Reversal): Only above $10.10 confirmed → target $10.50
Observation: Await clear directional confirmation—current data favors cautious bearish bias.
