Shorting $CLO at these current levels is an absolute trap for sellers.
Looking at the whale positioning: 27 short whales are completely trapped underwater at an average entry price of 0.1119, sitting on over -$11.5K in unrealized losses as the price pushes +21.12% up to 0.12007. Meanwhile, long whales hold a massive $1.18M in position value with a 70.68% profitability rate. With an overwhelming Notional Long/Short ratio of 691.22%, any push higher will force a cascading short squeeze on the trapped sellers.
I am aligning with the buying power. I am opening a long position on $CLO to capitalize on the trapped shorts getting liquidated.
My Trade Setup:
• Entry: 0.11800 - 0.12150
• Take Profit 1: 0.14200
• Take Profit 2: 0.16500
• Stop Loss: 0.10800
Are you going to get crushed with the trapped shorts or ride the squeeze higher with the bulls?
Looking at the whale positioning: 27 short whales are completely trapped underwater at an average entry price of 0.1119, sitting on over -$11.5K in unrealized losses as the price pushes +21.12% up to 0.12007. Meanwhile, long whales hold a massive $1.18M in position value with a 70.68% profitability rate. With an overwhelming Notional Long/Short ratio of 691.22%, any push higher will force a cascading short squeeze on the trapped sellers.
I am aligning with the buying power. I am opening a long position on $CLO to capitalize on the trapped shorts getting liquidated.
My Trade Setup:
• Entry: 0.11800 - 0.12150
• Take Profit 1: 0.14200
• Take Profit 2: 0.16500
• Stop Loss: 0.10800
Are you going to get crushed with the trapped shorts or ride the squeeze higher with the bulls?