$UNITREE The big players are keeping the price firmly under control!
Looking at the daily chart, there are three incense sticks right overhead. Cai Bao’s short position is still open, paying funding fees to keep it going—it’s hard to describe how painful that is. Could it be that all the money in the market is now flocking to the toy factory as a safe haven?
There’s no denying the big players’ price-control tactics: it keeps going neither up nor down. The shorts are the only ones suffering. But one thing’s for sure: the hype around earnings expectations has died down, so a further sharp rally is out of the question. The chart is already showing signs of money flowing out and buying pressure weakening.
So Cai Bao thinks the big players may already be taking profits. They’re keeping the price pinned around $95 for now, most likely to lure more longs in to take over their positions 【because longs can still earn hefty funding fees】. So if you haven’t entered yet, it’s better to wait and see.
For those who followed Cai Bao into the short, the target is around $70–80. Just waiting for Yushu to come down!
Looking at the daily chart, there are three incense sticks right overhead. Cai Bao’s short position is still open, paying funding fees to keep it going—it’s hard to describe how painful that is. Could it be that all the money in the market is now flocking to the toy factory as a safe haven?
There’s no denying the big players’ price-control tactics: it keeps going neither up nor down. The shorts are the only ones suffering. But one thing’s for sure: the hype around earnings expectations has died down, so a further sharp rally is out of the question. The chart is already showing signs of money flowing out and buying pressure weakening.
So Cai Bao thinks the big players may already be taking profits. They’re keeping the price pinned around $95 for now, most likely to lure more longs in to take over their positions 【because longs can still earn hefty funding fees】. So if you haven’t entered yet, it’s better to wait and see.
For those who followed Cai Bao into the short, the target is around $70–80. Just waiting for Yushu to come down!
