The easiest way to go broke today is betting against this obvious short squeeze algorithm.
The $ON USDT chart is currently luring retail into a massive bear trap. After that brutal rejection from 0.2028, the herd is convinced the top is firmly in and they are aggressively shorting this bounce. But look at the sheer aggression of this recovery from the local lows; the smart money is absorbing every single panic sell order to fuel the next leg up. While the majority sits waiting for a catastrophic breakdown, I am watching the order book flip violently bullish. The liquidation cascade is going to be biblical once those late shorters get underwater. I am loading up a long position right here because fading this institutional momentum is financial suicide. Don't complain about a rigged market when this liquidates your stops and rockets to new daily highs.
My Setup:
Pair: ONUSDT
My Entry: 0.1820
Take Profit (TP): 0.1980 / 0.2050
Stop Loss (SL): 0.1650
$ON
The $ON USDT chart is currently luring retail into a massive bear trap. After that brutal rejection from 0.2028, the herd is convinced the top is firmly in and they are aggressively shorting this bounce. But look at the sheer aggression of this recovery from the local lows; the smart money is absorbing every single panic sell order to fuel the next leg up. While the majority sits waiting for a catastrophic breakdown, I am watching the order book flip violently bullish. The liquidation cascade is going to be biblical once those late shorters get underwater. I am loading up a long position right here because fading this institutional momentum is financial suicide. Don't complain about a rigged market when this liquidates your stops and rockets to new daily highs.
My Setup:
Pair: ONUSDT
My Entry: 0.1820
Take Profit (TP): 0.1980 / 0.2050
Stop Loss (SL): 0.1650
$ON
