From the knife-tip of 0.05477 bouncing just off and snapping back to the mouth-edge of 0.06759, then straight down crashing back to around 0.055 without even pausing for a second.
Yesterday I placed a buy-the-dip order at 0.055, waiting for $SKYAI to tag the bottom. But the moment the price touched the needle, it surged back to 0.064 and wobbled there for 5 minutes. Back then, a lot of people were just like me—slapping their thighs saying, “Finally waited for the bottom,” and hurriedly added a small position. Little did we know that was the last counterattack by the longs. Half an hour later, it was another waterfall drop, and all the longs above 0.056 and below got buried as well.
To be honest, I can clearly see how this play worked: the big buyers who had been catching the bottom used that spike to push the price up and escape. The shorts had already pre-positioned their orders for anything above 0.06. When it dropped, it directly triggered liquidation and swept up the momentum short-sellers.
An urgent reminder: don’t get lured in by that rebound for just a few seconds. Don’t open a heavy position now.
I just built a small $SKYAI long base at 0.0562. My stop loss is at 0.0545 (it didn’t break this morning’s low needle exactly, so I’m giving it a bit of room). I’m just going to try to grab a small timeframe bounce—my target is 0.0625. Make some quick tea-money and then I’ll leave.
Guess whether I can make a cup of “three-part sugar + boba” Tiger Sugar tomorrow from this base position? Drop your thoughts in the comments—if I get slapped in the face, treat me to a milk tea too.
#SKYAI
Yesterday I placed a buy-the-dip order at 0.055, waiting for $SKYAI to tag the bottom. But the moment the price touched the needle, it surged back to 0.064 and wobbled there for 5 minutes. Back then, a lot of people were just like me—slapping their thighs saying, “Finally waited for the bottom,” and hurriedly added a small position. Little did we know that was the last counterattack by the longs. Half an hour later, it was another waterfall drop, and all the longs above 0.056 and below got buried as well.
To be honest, I can clearly see how this play worked: the big buyers who had been catching the bottom used that spike to push the price up and escape. The shorts had already pre-positioned their orders for anything above 0.06. When it dropped, it directly triggered liquidation and swept up the momentum short-sellers.
An urgent reminder: don’t get lured in by that rebound for just a few seconds. Don’t open a heavy position now.
I just built a small $SKYAI long base at 0.0562. My stop loss is at 0.0545 (it didn’t break this morning’s low needle exactly, so I’m giving it a bit of room). I’m just going to try to grab a small timeframe bounce—my target is 0.0625. Make some quick tea-money and then I’ll leave.
Guess whether I can make a cup of “three-part sugar + boba” Tiger Sugar tomorrow from this base position? Drop your thoughts in the comments—if I get slapped in the face, treat me to a milk tea too.
#SKYAI