MMT 0.20, the whales can't hold it any longer, we just saw a spike!
Today it peaked at 0.2118, then a massive drop to 0.1761. A 15% nosedive in just 30 seconds. That’s not a pullback; that’s a spike.
The whales can't push the price up anymore. Why? Because above 0.20, it's all trapped bags. Retail investors who jumped in at the open are all stuck at the top, and the whales need to exert a ton of effort to push it up a measly dime. They're out.
Check out today’s candlestick: high of 0.2118, low of 0.1761, closing at 0.2012. A long upper shadow, a classic distribution pattern.
From 0.10 to 0.21, it doubled. After a double, are you still expecting another double? The whales aren't philanthropists; they're here to make a profit. Right now, they're distributing, not accumulating.
Go short at the current price of 0.20; first target 0.18, second target 0.16.
The whales are already spiking; are you still jumping in long? How much do you love being the fuel? $BTC