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I'm keeping a close eye on coin $BEAT as the whales are stacking up on winning buy positions.
Looking at the data, there are 116 whales in buy positions and they're currently sitting on profits with an average entry price of 0.50. Even though the price dipped today by 3.60% to 0.55, these big players are still in the green. Meanwhile, the sellers are getting trapped in losses. This suggests that the overall trend is still bullish and the current pullback might just be a liquidity grab before the next upwards move.
Since the smart money is holding onto their positions, I'm planning to enter a buy trade at this weakness. I want to catch the bounce as the price moves up again to clear those pending sell orders. I'll set my stop-loss just below the whales' entry zone to keep my risk low.
Trading Plan
Pair: $BEAT
Direction: Buy
Entry: 0.559
First Target: 0.619
Second Target: 0.679
Stop Loss: 0.499