$PIPPIN I am optimistic (Buy the Dip)
Watch carefully, there are 172 whales controlling the market with $26 million in purchases, but the last 30 minutes of data show a quick profit-taking of $1.14 million, and this is our opportunity to seize the entry.
Proposed trading plan (Scalp Long):
Entry: from $0.4750 to $0.4820 (we are waiting for a slight correction)
Take profit: $0.5000, $0.5150, and $0.5300
Stop loss: $0.4600
Risk management is essential, the market is moving quickly and this is a technical view based on liquidity positioning.$PIPPIN
Analysis of the logic behind the trade based on whale data:
The picture reveals overwhelming dominance by buyers. We have 172 whales in long positions holding liquidity worth $26.63 million, and they are currently realizing unrealized profits exceeding $5.7 million. This means that the overall trend is very strong and supported by smart money.
On the other hand, the selling side (Shorts) is in big trouble, as there are 73 whales stuck with losses exceeding $3.5 million, and their average entry is very far at $0.31.$PIPPIN
But why did I request to enter from a slightly lower level?
Because the last 30 minutes of data below show that the selling volume ($1.14 million) exceeded the buying volume ($762 thousand). This means that whales are doing a "partial profit-taking" now, which may pressure the price to drop a little before exploding upwards to squeeze out the remaining sellers.