20x Yao Coin $PIPPIN short selling opportunity has arrived!
In the two articles I posted earlier about the logic analysis of the surge of $PIPPIN , I mentioned that this coin is primarily due to strong institutional control and the capital rotation in the AI concept sector.
For such coins, many technical indicators are ineffective, but some things remain valid, such as trading volume and address holdings, which can all be checked. When the market shows signs of capital fatigue and institutional sell-off, it’s basically our opportunity to enter!
After today's upward spike, the market has been showing a reduction in volume, and despite a few small spikes in volume, it has not broken through the previous high. This indicates weak demand. And on the liquidation map, all shorts that can be cleared have been cleared, so pulling up further has little significance, and even if it goes up, it becomes a bit difficult for institutions to find someone to take over at such high levels.
Moreover, since there are still some large short positions established by big players like the mysterious small K-line in the market, their liquidation prices are generally quite high, or they have sufficient margin backup. It can be anticipated that the market will continue to experience frequent fluctuations and spikes until the institution's addresses are mostly cleared, and it is likely to resemble the trend of $MYX and coai.
