For big whale to earn money, the easiest way is to destroy the market and make the long position all rekt .
I don’t think it’s a good idea to long for now. Because what normal people think about that extremely low rsi? They will probably think its the bottom and make a long position.
But think like a big whale, if most people believe it’s a bottom , and most of them long at these area. Then Isn’t this another huge chance for big whale to make money?
YES , probably whales will drop the market again, and they will make those people who longed getting rekt again, to accumulate at a far lower range.
So guys, it’s a very risky time to hold position. Remember if you want to have position you need to have strictly having enough reasons and confirmations.