$18.07M BET ON $LIT GROWTH, BUT ONE MOVE COULD WIPE OUT THE WHALE
Wallet 0x9321..5a opened a LONG of $LIT at 2.6513. The position size is $18.07M, with just $3.61M in margin.
The trade is already showing around $5.08M in profit. I’m also considering a LONG, but entering with a large position here is risky.
The reason is that the whale’s liquidation price is 2.3012. That’s just 13.20% below the entry. One sharp sell-off, and the $18.07M position could be in trouble.
So I won’t buy $LIT just because the number is big. I need to see the price hold above 2.6513. If buyers defend this level, I’ll open a small LONG. If the price falls back below it, it’s better to skip the trade: the market could quickly slide toward the whale’s liquidation price.
There are two possible scenarios here: either a big player secured a good entry ahead of a rally, or their $18.07M will become fuel for a drop.
As long as $LIT holds above 2.6513, I’m on the buyers’ side. But 2.3012 is too close to forget about a stop.
Follow me—I’ll keep watching this position 🔔
Not financial advice. Always manage your risk.
Go trade this pair 👇️
$LIT
#magic #lumia
Wallet 0x9321..5a opened a LONG of $LIT at 2.6513. The position size is $18.07M, with just $3.61M in margin.
The trade is already showing around $5.08M in profit. I’m also considering a LONG, but entering with a large position here is risky.
The reason is that the whale’s liquidation price is 2.3012. That’s just 13.20% below the entry. One sharp sell-off, and the $18.07M position could be in trouble.
So I won’t buy $LIT just because the number is big. I need to see the price hold above 2.6513. If buyers defend this level, I’ll open a small LONG. If the price falls back below it, it’s better to skip the trade: the market could quickly slide toward the whale’s liquidation price.
There are two possible scenarios here: either a big player secured a good entry ahead of a rally, or their $18.07M will become fuel for a drop.
As long as $LIT holds above 2.6513, I’m on the buyers’ side. But 2.3012 is too close to forget about a stop.
Follow me—I’ll keep watching this position 🔔
Not financial advice. Always manage your risk.
Go trade this pair 👇️
$LIT
#magic #lumia