$PIPPIN This so-called "Heaven and Earth Needle" looks like a failed high-volume peak from the chart. First, it quickly surged, pushing the price directly to the previous high, but you can see clearly from the order book: the buying power couldn't keep up, the trading volume is fake, the price is rising, and the depth is thinning, which indicates that this kind of trend is inherently unhealthy.
The key point is when that needle appeared—instantly smashed back after the surge, the K-line body is extremely short, with both upper and lower shadows elongated. What does this indicate? It shows that the bulls and bears have already had a direct conflict at the high position, and the initiative is not in the hands of the bulls. If it were a strong trend, it would at least consolidate here for a while, but it didn't; it directly weakened, which is the signal given by the chart.
I opened a short position at this point following the structure; it’s not a gamble, the structure broke. After opening the short, if you look at the subsequent trend: the rebound height is getting lower and lower, the moving averages start to press down, and the price never returns to the previous surge range, which indicates that the bears are controlling the pace.
The subsequent movement was also very realistic; there were no explosive rises or crashes, just a steady decline and acceleration, naturally providing space for the short position. I took this position based on the trend, not recklessly, ultimately exiting with a 4x return, pocketing 3800U.
Making money is that simple; you may not agree with anyone, but for me, even the tigers lie down for me, and the dragons are under my control! Strong trend flipping back to profit chat speed
Intraday focus: H JELLYJELLY PIEVERSE LYN IR XPIN BEAT
