Whale Data: The data clearly indicates "selling pressure." There are currently 87 whales in short selling positions, but they are incurring a whopping loss of $8.61 million. In contrast, long position holders make profits. When these short sellers try to exit their positions to stop their losses, they will be forced to buy, which could push the price up again.
My analysis: I am optimistic about the market structure given this confined liquidity. Although the RSI (RSI) is very high at 85, the whale data suggests that the movement is not over yet. I'm looking for a quick buy opportunity on a slight pullback, and I'm betting on liquidating short positions.
Reason: The uptrend is strong (+50%), and the presence of short positions of USD 8.6 million provides the necessary momentum for the next bullish wave. I will enter near the current support level to take advantage of any sudden drop in price, while keeping the stop loss below the recent volatility level.
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I see $8.6 million of huge shorts taking huge losses, and I'm preparing to capitalize on their expected panic.
$SENT Analysis
Whale Data: The data clearly indicates "selling pressure." There are currently 87 whales in short selling positions, but they are incurring a whopping loss of $8.61 million. In contrast, long position holders make profits. When these short sellers try to exit their positions to stop their losses, they will be forced to buy, which could push the price up again.
My analysis: I am optimistic about the market structure given this confined liquidity. Although the RSI (RSI) is very high at 85, the whale data suggests that the movement is not over yet. I'm looking for a quick buy opportunity on a slight pullback, and I'm betting on liquidating short positions.
$SENT
The final price... My Trading Plan:
* Trend: Buy
* Entry Point: 0.0345 - 0.0355 (شراء at الانخفاض)
* Targets: 0.0368, 0.0382, 0.0410
* Stop Loss: 0.0332
Reason: The uptrend is strong (+50%), and the presence of short positions of USD 8.6 million provides the necessary momentum for the next bullish wave. I will enter near the current support level to take advantage of any sudden drop in price, while keeping the stop loss below the recent volatility level.
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