Brothers, Mig is here.
Now, set aside that notion in your mind of 'if the whale buys, will it pump the price?' Here’s a heartfelt reminder: in the face of trends, a whale is still a fish and can also be slaughtered.
Today's article may be the most jarring yet truthful HYPE analysis you've ever read. We're flipping the table and speaking the truth.
Brutal dissection of the news—whale buying is for your 'back-up'.
Don't be fooled by the number '17000000000'; let's analyze it with a trader's mindset.
'New wallet' charging forward? That's just cannon fodder! Address '0x23A' bought in with over 7 million dollars. In a downtrend, what do we call that? That's called 'catching flying knives,' or more directly—creating a false impression of 'funds supporting' to attract you to follow suit, allowing larger positions to offload at higher prices.
"Old whales" staking and locking up? That’s self-rescue! The address "0xE86" is buying while staking over 12 million worth of coins. Have you thought about why? Because they may have been trapped deeper before! Staking is not for long-term faith, but to lock liquidity, to avoid being forced to cut losses at lower points, while using a small amount of new funds to create an illusion of support, covering the main positions.
"Placing an order at 15 dollars" is the bottom? That’s bait! Placing a 20 million order at 15 dollars seems to support the bottom but actually tells the market: "There’s still a lot of space below; you guys go ahead and sell." This is a typical bearish psychological warfare, undermining retail investors' confidence in holding at support levels of 23 and 21.
Mig's heart-wrenching argument: this is not bottom-fishing; this is a 'resistance retreat' in a downtrend. Whales are using real money to tell you: I am optimistic, but pay attention, their actions are all defensive and involve placing low-priced orders; which one is actively initiating an upward attack?
Technical death sentence declared — all indicators are nakedly bearish.
MACD death sentence: the two lines are below the 0 axis, and the death cross is widening downwards. In technical terms, this is called a 'bear-dominated market, where any rebound is an opportunity to escape.' Don't mention divergence to me; in a strong downtrend, divergence can occur repeatedly.
The key point is that it's made of paper:
Upper pressure? 28.42 is already an unreachable ceiling.
Support below? 23 will definitely break, it's just a matter of time. 21 dollars is by no means a solid bottom; once panic forms, 18 and 15 could be seen.
Volume indicates everything: increased volume during declines, no volume during rebounds. What does this indicate? Those selling are in real panic, while those buying are short-term funds betting on rebounds, in and out quickly.
Mig's assessment: the technical structure has been completely destroyed. The core issue now is not 'how high can it rebound,' but 'how many minutes can 23 hold.' The trend is your friend, and currently, the trend is 'bearish.'
The only advice for retail investors is to survive and wait for the next round.
This is not a time to make money; it's a time to save yourself. Here’s your most direct action list:
If you still have positions:
Act immediately: use any small rebound during trading to unconditionally reduce your position by at least half. Don't consider the cost price; if the trend is bad, the cost price is meaningless.
Remaining positions: firmly set your stop-loss line just below 23. If it breaks, exit.
If you are in cash:
Prohibit all bottom-fishing activities! What to do if you feel the urge? Delete the app.
Want to gamble? Only consider one approach: wait for the price to effectively break below 23 and confirm with a rebound, then try shorting with a very small position, targeting 21, with a stop loss set above 23.5.
In a downtrend, 'not trading' is the best strategy. Preserve your capital, wait for the market to genuinely signal a bottom reversal, then come back; the market is never short of opportunities.
There are no deities in the crypto circle, only information gaps and cognitive gaps. Mig does not make prophetic predictions; it only provides verified data and logic. If you don't know the specific entry and exit points, and you are a fan holding positions, you can follow Mig, who will announce daily cryptocurrencies and entry and exit points in the chat room!!
