I'm going long on $ARIA . Recently it touched almost 0.17 but got rejected and currently it's moving sideways. The funding rate isn't too much which indicates there aren't too much crowded leveraged positon available.
Currently the whales are in profit but retailers are opening heavy short positions. Retail trader short ratio stands at 67.76% with long/short ratio of only 0.48, creating crowded positioning vulnerable to sudden reversals. The momentum is still strong and some whales are still accumulating. There's huge liquidity clusters around 0.17-0.18 area. So after the price reaches 0.18 maybe we'll see a reversal. For now the trend remains bullish and intact.
Entry: Current price.
TP1: 0.1644
TP2: 0.1758
TP3: 0.1822
SL: 0.1481
Use low levarage.
#dyor
Currently the whales are in profit but retailers are opening heavy short positions. Retail trader short ratio stands at 67.76% with long/short ratio of only 0.48, creating crowded positioning vulnerable to sudden reversals. The momentum is still strong and some whales are still accumulating. There's huge liquidity clusters around 0.17-0.18 area. So after the price reaches 0.18 maybe we'll see a reversal. For now the trend remains bullish and intact.
Entry: Current price.
TP1: 0.1644
TP2: 0.1758
TP3: 0.1822
SL: 0.1481
Use low levarage.
#dyor
