Whales are trapped in a double-sided liquidity trap, and a brutal squeeze is loading right now!
$XRP
While retail traders panic over the -4.91% dip, the smart money data reveals absolute chaos on $XRP! A massive $177.80M is locked across 354 whales, with a heavily skewed 30.64% Long/Short ratio. 167 short whales are holding a massive 136.10M in positions but are trapped in losses (-$3.62M PnL) with an average entry of 1.2698. Meanwhile, 187 long whales holding 41.70M are also trapped in losses (-$2.89M PnL) from 1.3951[span_0](start_span)[span_0](end_span). With both sides suffering unrealized losses as the price floats at 1.3046[span_1](start_span)[span_1](end_span), a violent short-squeeze bounce back toward the average entry levels is imminent.
I am stepping in and taking a bold long position on $XRP right now around the 1.2850 - 1.3050 support range to capitalize on the upcoming liquidity grab!
Trade Setup:
• Entry: 1.2850 - 1.3050
• TP1: 1.3450
• TP2: 1.3900
• TP3: 1.4500
• Stop Loss: 1.2480
$XRP
While retail traders panic over the -4.91% dip, the smart money data reveals absolute chaos on $XRP! A massive $177.80M is locked across 354 whales, with a heavily skewed 30.64% Long/Short ratio. 167 short whales are holding a massive 136.10M in positions but are trapped in losses (-$3.62M PnL) with an average entry of 1.2698. Meanwhile, 187 long whales holding 41.70M are also trapped in losses (-$2.89M PnL) from 1.3951[span_0](start_span)[span_0](end_span). With both sides suffering unrealized losses as the price floats at 1.3046[span_1](start_span)[span_1](end_span), a violent short-squeeze bounce back toward the average entry levels is imminent.
I am stepping in and taking a bold long position on $XRP right now around the 1.2850 - 1.3050 support range to capitalize on the upcoming liquidity grab!
Trade Setup:
• Entry: 1.2850 - 1.3050
• TP1: 1.3450
• TP2: 1.3900
• TP3: 1.4500
• Stop Loss: 1.2480