$CHIP this slow bull run is not a pulse.
24h +19.6%, with a drawdown of only 1.5%, pinned near the 0.028 high, and 15-minute volume has stayed uninterrupted all the way up. WAL, which rose in the same batch, has already retraced 19% from its high, and only CHIP is still holding near the highs.
What bulls and bears are fighting over is not whether it will rise, but whether this wave of funds is accumulating positions or wash trading through market making.
Watch 0.0265. If it breaks below that, this slow bull run is just a slow-motion pump-and-dump; don’t catch the falling knife. If it breaks above 0.028 on volume, then there is room for a second acceleration.
Slow rises are harder to fake than sharp pumps, but fake slow rises are more deceptive than fake sharp pumps. Do you have a position? Which direction?
#暗影萨满 #CHIP
24h +19.6%, with a drawdown of only 1.5%, pinned near the 0.028 high, and 15-minute volume has stayed uninterrupted all the way up. WAL, which rose in the same batch, has already retraced 19% from its high, and only CHIP is still holding near the highs.
What bulls and bears are fighting over is not whether it will rise, but whether this wave of funds is accumulating positions or wash trading through market making.
Watch 0.0265. If it breaks below that, this slow bull run is just a slow-motion pump-and-dump; don’t catch the falling knife. If it breaks above 0.028 on volume, then there is room for a second acceleration.
Slow rises are harder to fake than sharp pumps, but fake slow rises are more deceptive than fake sharp pumps. Do you have a position? Which direction?
#暗影萨满 #CHIP