$ENA At this point, you still dare to hold longs—your nerve is truly huge. This is a classic double-kill setup: long overloading stacked on top of massive unlocks!
Just now, I followed the trend and entered a short. The logic for going short is very straightforward.
On one side, long positions have surged to $31.55 million, and 91% of them are in profit. With such a crowded, profitable stack, if price pulls back just a little, it can trigger a multi-kill cascade of liquidation and stop-outs.
On the other side, the unlock coming on September 2nd is right around the corner. The openly known sell pressure of over $17 million will enter the market immediately.
The market maker can’t possibly do you a favor and push the price up while facing such a huge amount of sell pressure. The only way out is to drive the price downward—basically a downward needle—to blow out these 30+ million in long positions and release liquidity. A short position is required to brace for a big waterfall!
20% off trading fee invitation code: 9FATE
Link: https://www.binance.com/zh-CN/activity/referral/bind-ref
Just now, I followed the trend and entered a short. The logic for going short is very straightforward.
On one side, long positions have surged to $31.55 million, and 91% of them are in profit. With such a crowded, profitable stack, if price pulls back just a little, it can trigger a multi-kill cascade of liquidation and stop-outs.
On the other side, the unlock coming on September 2nd is right around the corner. The openly known sell pressure of over $17 million will enter the market immediately.
The market maker can’t possibly do you a favor and push the price up while facing such a huge amount of sell pressure. The only way out is to drive the price downward—basically a downward needle—to blow out these 30+ million in long positions and release liquidity. A short position is required to brace for a big waterfall!
20% off trading fee invitation code: 9FATE
Link: https://www.binance.com/zh-CN/activity/referral/bind-ref
