The entire market is asleep at the wheel amid this brutal reversal, and this move will catch 90% of traders completely off guard.
I’m keeping a very close eye on $SOXL right now as whale positions have reached a total of 66.01 million across 208 elite wallets, reflecting strong bearish momentum. The long-to-short ratio stands at 60.10%, and the bleeding is plain to see: 84 long wallets worth 24.78 million, with an average entry of 129.61, are sitting on 2.19 million in unrealized losses, with a dismal win rate of 4.76%. By contrast, 124 short wallets worth 41.23 million, with an average entry of 132.50, are dominating the market with profits exceeding 4.65 million and an astounding win rate of 98.38%. With the funding rate holding steady at 0.0049%, I’m riding this powerful downtrend with the winning side.
My trade setup:
• Entry zone: Current price near 119.08
• First target (TP1): 112.50
• Second target (TP2): 106.00
• Third target (TP3): 98.50
• Stop loss: 125.50
I’m keeping a very close eye on $SOXL right now as whale positions have reached a total of 66.01 million across 208 elite wallets, reflecting strong bearish momentum. The long-to-short ratio stands at 60.10%, and the bleeding is plain to see: 84 long wallets worth 24.78 million, with an average entry of 129.61, are sitting on 2.19 million in unrealized losses, with a dismal win rate of 4.76%. By contrast, 124 short wallets worth 41.23 million, with an average entry of 132.50, are dominating the market with profits exceeding 4.65 million and an astounding win rate of 98.38%. With the funding rate holding steady at 0.0049%, I’m riding this powerful downtrend with the winning side.
My trade setup:
• Entry zone: Current price near 119.08
• First target (TP1): 112.50
• Second target (TP2): 106.00
• Third target (TP3): 98.50
• Stop loss: 125.50