$PONS ๐ Look at the position imbalance here.
The whales who went LONG are sitting on some painful losses. Their average entry is around $0.497, while the price is down at $0.346.
Meanwhile, most of the shorts are already in profit.
But hereโs where things could get interesting. ๐
If those big long positions stay underwater for too long, the whales may have an incentive to push for a rebound and try to get themselves out of trouble.
Thatโs the setup Iโm looking at.
Instead of jumping in with a big position, Iโd consider building a small LONG in batches and seeing whether buyers can bring $PONS back up.
Whale longs are trapped. Shorts are comfortable. If that balance starts shifting, the rebound could catch people off guard.
More!! LONG $MARSCOIN ? โฌ๏ธโฌ๏ธโฌ๏ธ
The whales who went LONG are sitting on some painful losses. Their average entry is around $0.497, while the price is down at $0.346.
Meanwhile, most of the shorts are already in profit.
But hereโs where things could get interesting. ๐
If those big long positions stay underwater for too long, the whales may have an incentive to push for a rebound and try to get themselves out of trouble.
Thatโs the setup Iโm looking at.
Instead of jumping in with a big position, Iโd consider building a small LONG in batches and seeing whether buyers can bring $PONS back up.
Whale longs are trapped. Shorts are comfortable. If that balance starts shifting, the rebound could catch people off guard.
More!! LONG $MARSCOIN ? โฌ๏ธโฌ๏ธโฌ๏ธ