$Q It surged, then got knocked right back down—the bears have this move under control!
Does this price action look familiar? A huge green candle shot straight up to 0.146969, and plenty of people thought it was about to take off and rushed in. What happened next? A huge red candle immediately slammed it back down, followed by a steady slide. Now the price is back around 0.118708.
What did I tell you? A rapid pump like this is just a classic bull trap, designed to liquidate shorts and lure in long buyers who end up holding the bag.
Look at that wick: it went up fast and came down even faster, which shows there’s heavy selling pressure above. The big players never intended to push the price higher—they just stirred things up with a sudden move, waited for retail traders to pile in, then turned around and started selling.
The price has dropped quite a bit here, so don’t rush to open a short—you could get caught in a bounce.
Let’s patiently wait for it to rebound. If it bounces into the 0.122–0.125 range and starts losing momentum and turning down, that’ll be a good opportunity for us to enter a short.
Keep your stop above 0.136. #特朗普拟阐述打击海外加密诈骗
Does this price action look familiar? A huge green candle shot straight up to 0.146969, and plenty of people thought it was about to take off and rushed in. What happened next? A huge red candle immediately slammed it back down, followed by a steady slide. Now the price is back around 0.118708.
What did I tell you? A rapid pump like this is just a classic bull trap, designed to liquidate shorts and lure in long buyers who end up holding the bag.
Look at that wick: it went up fast and came down even faster, which shows there’s heavy selling pressure above. The big players never intended to push the price higher—they just stirred things up with a sudden move, waited for retail traders to pile in, then turned around and started selling.
The price has dropped quite a bit here, so don’t rush to open a short—you could get caught in a bounce.
Let’s patiently wait for it to rebound. If it bounces into the 0.122–0.125 range and starts losing momentum and turning down, that’ll be a good opportunity for us to enter a short.
Keep your stop above 0.136. #特朗普拟阐述打击海外加密诈骗