🚨 SHORT trade: $SOXL
(SOXLUSDT Perp) 🚨
Entry price / entry range: $85.00 - $87.00
First target (TP1): $78.00
Second target (TP2): $70.00
Third target (TP3): $62.00
Stop loss (SL): $93.50
📊 Analysis and reasons:
• Complete dominance by short-selling whales: Whales hold a total of $123.54 million in short positions, compared with just $19.45 million in long positions.
• Whale profits: Short-selling whales are making staggering profits exceeding +$11.88 million (average entry at $93.18), while long-position whales are bleeding unrealized losses (-$551,000, average entry at $87.42).
• Strong downward pressure: Whales have concentrated nearly 86% of liquidity in short positions, suggesting continued downward pressure and a move toward lower support levels.
(SOXLUSDT Perp) 🚨
Entry price / entry range: $85.00 - $87.00
First target (TP1): $78.00
Second target (TP2): $70.00
Third target (TP3): $62.00
Stop loss (SL): $93.50
📊 Analysis and reasons:
• Complete dominance by short-selling whales: Whales hold a total of $123.54 million in short positions, compared with just $19.45 million in long positions.
• Whale profits: Short-selling whales are making staggering profits exceeding +$11.88 million (average entry at $93.18), while long-position whales are bleeding unrealized losses (-$551,000, average entry at $87.42).
• Strong downward pressure: Whales have concentrated nearly 86% of liquidity in short positions, suggesting continued downward pressure and a move toward lower support levels.