$FIL This wave is the funniest part isn’t how much the Air Force lost, but that it’s risen like this—yet the overall long positions are still losing!
Now the average cost for longs is still above the current price. There are 467 long positions holding a total of over 12 million USDT worth of positions, but on paper it’s still negative. What does that mean? The money that rushed in to chase the rally wasn’t as comfortable as people imagined. Even with such a strong surge, it still hasn’t fully gotten that batch of people out of their losses.
If the market continues to weaken, the first thing those trapped long positions above will think of is absolutely not adding more—it’ll be to leave quickly. If even the longs can’t stand on their own, what makes them think it can keep going up?
At this level, you can enter short on the swing. Then go down first and take a chunk of the pullback!
Now the average cost for longs is still above the current price. There are 467 long positions holding a total of over 12 million USDT worth of positions, but on paper it’s still negative. What does that mean? The money that rushed in to chase the rally wasn’t as comfortable as people imagined. Even with such a strong surge, it still hasn’t fully gotten that batch of people out of their losses.
If the market continues to weaken, the first thing those trapped long positions above will think of is absolutely not adding more—it’ll be to leave quickly. If even the longs can’t stand on their own, what makes them think it can keep going up?
At this level, you can enter short on the swing. Then go down first and take a chunk of the pullback!
