Stabilized and traded in a range all day—just when you couldn’t help it and decided to close the position or cut losses, $XPL immediately saw a surge in volume and rallied more than 30%!
Doesn’t this feel like the main force precisely “jabbing in, then unplugging the cable”? Are you so angry you want to throw your phone?
Do you think it’s just bad luck from the market? Don’t lie to yourself! The core daily mission of quantitative trading bots and market makers is to “clean out” those retail traders who set their stop-loss points at textbook locations. The more painful the chop, the cleaner the washout—and the easier the subsequent rally.
Since you’ve figured out this is wash-trading and a battle for bids and offers, don’t just stand by and watch. After a low-volume fake breakdown, a high-volume push up is the truest statement of capital.
Doesn’t this feel like the main force precisely “jabbing in, then unplugging the cable”? Are you so angry you want to throw your phone?
Do you think it’s just bad luck from the market? Don’t lie to yourself! The core daily mission of quantitative trading bots and market makers is to “clean out” those retail traders who set their stop-loss points at textbook locations. The more painful the chop, the cleaner the washout—and the easier the subsequent rally.
Since you’ve figured out this is wash-trading and a battle for bids and offers, don’t just stand by and watch. After a low-volume fake breakdown, a high-volume push up is the truest statement of capital.