1000PEPE This drop has me gasping—four straight hours of bearish candles, one after another, pounding lower. Even the rebounds don’t even manage to breathe properly; the price just clings to the intraday lows, pretending to be dead. The spot buy-side order book is paper-thin, like it was made of nothing, but the sell wall is thick and stacked. The trades that actually execute are all sell orders pressing down on bids. You call this “support”? This is handing the bears a ladder. For seven hours, the big accounts’ long-side ratio shrank by a chunk; it’s a classic case of splitting orders and quietly running—yet the position is still shown as hanging there, not fully closed. Leave while moving, and wait for retail to lift the sedan. Anyone thinking of bottom-picking with this kind of tape—those long orders you have are only good enough to be footstools for bearish candles.
