Have you ever had this kind of experience? Watching the order you’re holding as it keeps hitting two small price levels, itching to catch the bottom but afraid you’ll trigger a collapse?
Take $CLO as an example. It just got smashed down to an intraday low of 0.0941. When I flipped over to the sell orders, it was full of barely-there orders—those trapped old hands basically didn’t dare place orders further down. They were just waiting to be pulled back up to break even and cover the fees. But retail investors didn’t dare to take it. This whole “secretly trying to bottom pick” move has a lot of participants, and most are small orders stacked up—nobody dared to make a big move.
The bears also know what’s going on. It wasn’t some big outfit dumping. That wave of selling was likely driven by short-term traders who bought the run-up to 0.1144 and took profit of around 0.02%, then packed up and left. They didn’t want to hold the full risk and didn’t have the nerve to hammer it down to the depths. They just wanted to eat the difference at that level and then bail.
Just now, I casually opened a long position with 1% size to test. My SL is locked at 0.093 (if it breaks below this price, it means there’s still downside room). So I’m willing to bet that within the next couple hours it’ll touch 0.098 with a small rebound. I didn’t even dare to add to a half position—I’m afraid that suddenly there will be a dump and I’ll be stuck holding the mess.
Urgent reminder: Don’t go all-in, folks! Just play with your “spare change” allocation. If you lose, you won’t be heartbroken. Hit like and leave a bookmark—tomorrow morning I’ll come back to cash in on today’s rebound levels. If you guessed right, let me hear it in the comments!
#CLO
Take $CLO as an example. It just got smashed down to an intraday low of 0.0941. When I flipped over to the sell orders, it was full of barely-there orders—those trapped old hands basically didn’t dare place orders further down. They were just waiting to be pulled back up to break even and cover the fees. But retail investors didn’t dare to take it. This whole “secretly trying to bottom pick” move has a lot of participants, and most are small orders stacked up—nobody dared to make a big move.
The bears also know what’s going on. It wasn’t some big outfit dumping. That wave of selling was likely driven by short-term traders who bought the run-up to 0.1144 and took profit of around 0.02%, then packed up and left. They didn’t want to hold the full risk and didn’t have the nerve to hammer it down to the depths. They just wanted to eat the difference at that level and then bail.
Just now, I casually opened a long position with 1% size to test. My SL is locked at 0.093 (if it breaks below this price, it means there’s still downside room). So I’m willing to bet that within the next couple hours it’ll touch 0.098 with a small rebound. I didn’t even dare to add to a half position—I’m afraid that suddenly there will be a dump and I’ll be stuck holding the mess.
Urgent reminder: Don’t go all-in, folks! Just play with your “spare change” allocation. If you lose, you won’t be heartbroken. Hit like and leave a bookmark—tomorrow morning I’ll come back to cash in on today’s rebound levels. If you guessed right, let me hear it in the comments!
#CLO