Buying the dip on $BEAT right now is an absolute speedrun to getting liquidated.
The whale metrics show a complete bloodbath for bulls: 47 long whales are trapped with 0.00% profitability, sitting on a crushing -$1.19M in unrealized losses as the price plummets -55.56%. Meanwhile, 75 short-side whales are dominating with $1.30M+ in pure unrealized profits at an astounding 98.66% win rate from an entry average of 2.768.
I am not trying to catch a falling knife against these winning bears. I am opening a short position right now to capitalize on the continued sell-off.
My Trade Setup:
• Entry: 1.6200 - 1.6800
• Take Profit 1: 1.3500
• Take Profit 2: 1.0800
• Stop Loss: 1.8500
Are you going to get crushed trying to catch this dip, or ride the trend with the winning whales?
The whale metrics show a complete bloodbath for bulls: 47 long whales are trapped with 0.00% profitability, sitting on a crushing -$1.19M in unrealized losses as the price plummets -55.56%. Meanwhile, 75 short-side whales are dominating with $1.30M+ in pure unrealized profits at an astounding 98.66% win rate from an entry average of 2.768.
I am not trying to catch a falling knife against these winning bears. I am opening a short position right now to capitalize on the continued sell-off.
My Trade Setup:
• Entry: 1.6200 - 1.6800
• Take Profit 1: 1.3500
• Take Profit 2: 1.0800
• Stop Loss: 1.8500
Are you going to get crushed trying to catch this dip, or ride the trend with the winning whales?