Longs are trapped with a loss of 340,000, while shorts quietly made money? Is this rebound of $EDEN a bull trap or a reversal!
Smart money is all shorting, what are you waiting for?
EDEN surged 92% in 24 hours to 0.0869, then pulled back to 0.0628. On the 1-hour K-line, price is oscillating in the 0.0619-0.0645 range. The liquidation map shows 2.85 million in short liquidation pressure stacked above 0.0661-0.0677, so pushing it up is basically handing out money.
Smart money data: 296 longs with an average entry price of 0.0793, floating loss of 340,000; 250 shorts with an average price of 0.0635, floating profit of 25,000, with a profitability ratio of 73%. On this move from 0.044, all the chase-buy longs got trapped.
AK view: At 0.0628, bulls and bears are fighting fiercely. Above on the liquidation map are all short-side graves, so pushing higher to liquidate shorts is highly likely.
AK trading suggestion:
Long strategy: Buy in batches on a pullback to 0.0602-0.0619, target 0.0661-0.0677.
Short strategy: Consider entering if it faces resistance near 0.0661-0.0677, target 0.0619.
Join 👇 the chat room and let us help you avoid the traps that 90% of retail traders fall into
#标普500收创历史新高 #美国30年期国债投标倍数降至2.39
$BTC $ETH
Smart money is all shorting, what are you waiting for?
EDEN surged 92% in 24 hours to 0.0869, then pulled back to 0.0628. On the 1-hour K-line, price is oscillating in the 0.0619-0.0645 range. The liquidation map shows 2.85 million in short liquidation pressure stacked above 0.0661-0.0677, so pushing it up is basically handing out money.
Smart money data: 296 longs with an average entry price of 0.0793, floating loss of 340,000; 250 shorts with an average price of 0.0635, floating profit of 25,000, with a profitability ratio of 73%. On this move from 0.044, all the chase-buy longs got trapped.
AK view: At 0.0628, bulls and bears are fighting fiercely. Above on the liquidation map are all short-side graves, so pushing higher to liquidate shorts is highly likely.
AK trading suggestion:
Long strategy: Buy in batches on a pullback to 0.0602-0.0619, target 0.0661-0.0677.
Short strategy: Consider entering if it faces resistance near 0.0661-0.0677, target 0.0619.
Join 👇 the chat room and let us help you avoid the traps that 90% of retail traders fall into
#标普500收创历史新高 #美国30年期国债投标倍数降至2.39
$BTC $ETH