$SOPH /USDT: Pump & Dump in full swing đ
After a sharp pump to $0.0126, the coin lost over 50% of its value. The chart and Coinglass analytics clearly show a classic dump scenario:
Massive long run: Over 63% of accounts and 58% of positions are long â the crowd is trying to âcatch the knife,â which is the perfect fuel for a further decline.
Whales in shorts: Large players are holding profitable shorts (+ $310k PnL) with an average entry of $0.0063, while long whales are sitting in the red.
Spot sales: Spot CVD is consistently negative (-8.87M), buying volumes have completely died out, and the main liquidity of the glass is located much lower â in the $0.0046â$0.0033 range.
đŽ Trading plan (SHORT)
Entry: $0.00580 â $0.00610 (retracement to EMA)
Stop-Loss: $0.00655
Take-Profit: $0.00470 / $0.00350
â ïž Counter-trend long is possible only after liquidity withdrawal around $0.0045 with a clear CVD reversal.
After a sharp pump to $0.0126, the coin lost over 50% of its value. The chart and Coinglass analytics clearly show a classic dump scenario:
Massive long run: Over 63% of accounts and 58% of positions are long â the crowd is trying to âcatch the knife,â which is the perfect fuel for a further decline.
Whales in shorts: Large players are holding profitable shorts (+ $310k PnL) with an average entry of $0.0063, while long whales are sitting in the red.
Spot sales: Spot CVD is consistently negative (-8.87M), buying volumes have completely died out, and the main liquidity of the glass is located much lower â in the $0.0046â$0.0033 range.
đŽ Trading plan (SHORT)
Entry: $0.00580 â $0.00610 (retracement to EMA)
Stop-Loss: $0.00655
Take-Profit: $0.00470 / $0.00350
â ïž Counter-trend long is possible only after liquidity withdrawal around $0.0045 with a clear CVD reversal.