Longing $SNDK at $1,262 right now is literally throwing your entire capital into a furnace!
Retail traders are getting lured in by this minor +5.22% green bounce, completely oblivious to the massive $96.8M wall of short positions stacked against them. Look at the whale data: 129 institutional whales are shorting this asset with over $4.07 Million in sitting profits, driving the Long/Short ratio down to a brutal 43.14%.
They are intentionally letting retail push the price up so they can dump heavier from their $1,315 average entry zone. I just opened a conviction-heavy short position right at these current levels. Trying to fight $138M in total whale capital dominated by short sellers is a fast track to getting liquidated.
Retail traders are getting lured in by this minor +5.22% green bounce, completely oblivious to the massive $96.8M wall of short positions stacked against them. Look at the whale data: 129 institutional whales are shorting this asset with over $4.07 Million in sitting profits, driving the Long/Short ratio down to a brutal 43.14%.
They are intentionally letting retail push the price up so they can dump heavier from their $1,315 average entry zone. I just opened a conviction-heavy short position right at these current levels. Trying to fight $138M in total whale capital dominated by short sellers is a fast track to getting liquidated.