Technical Analysis: A Look at the Movements of the "Whales"
The chart for $XRP #USDT shows a significant gap between the expectations of major investors (whales) and the current price:
Whale Bias: The "buy vs sell" (Long/Short Ratio) is 61.01%, indicating that most liquidity is leaning towards the upside.
Profit and Loss Situation:
Sellers (Shorts): They are currently the winners with a success rate of 88.28%, and unrealized profits exceeding 42 million dollars. Their average entry is 1.6787.
Buyers (Longs): Most of them are in a loss position, as their average entry is 1.5631, and the current price is much lower than that.
Recent Activity: There has been a slight influx of buying liquidity in the last 30 minutes ($2.62 million), indicating an attempt to rebound from current support levels.
Proposed Trading Plan
Entry Point (Buy): Between $1.3800 and $1.4100.
First Target: $1.5630 (the area where losing whales break even).
Second Target: $1.6780 (the area of pressure on sellers "Short Squeeze").
Stop Loss: $1.3200 (to protect against any sudden drop).
