$PIPPIN $JELLYJELLY
Do you want to blow up your position while still listening to the market analysis in the square?
Right now, there are all sorts of opinions in the square about $PIPPIN , so let's simply summarize and categorize the logic of both sides.
Bullish people believe that there are still big players like the mysterious little K line opening large short positions in the market, and the dealer will definitely want to take them out; or, there are currently no buy orders in the market, and the dealer needs to keep pushing new highs to blow up the shorts and profit from the fees.
The bearish logic is simply that it has risen too high and must drop a bit. Some also believe that the following orders are too large, and the dealer will wash away a wave of long positions. There are also some fervent believers who see the big players opening short positions and follow suit.
Regarding the above two viewpoints, let me clarify something for everyone. The trend of this coin, even those who do not look at on-chain data can see that it is strongly controlled, and the strong control completely depends on the dealer's decision, with no logic involved. So, if you look at the analyses in the square that seem to make perfect sense, most of them are essentially still betting on the direction. Of course, some big players have their own unique experiences in their analyses, but just because you see their analyses can you follow them to make trades? Are your operations on the same level as theirs? Is your capital on the same scale as theirs?
A simple example is the mysterious little K line with large short positions, but they can hold on; can you hold on? Besides that, for such small caps, big players with large capital may also go on-chain to grab shares or open long positions to hedge, or there may be other possibilities.
The advantage of technical indicators is not that they show bullish or bearish, but that you can see the underlying buyer-seller game situation based on these indicators. For situations where these technical indicators fail and relying solely on experience makes it difficult to capture the dealer's intentions, you might as well treat it as entertainment. Doing fewer illogical trades can reduce your chances of blowing up your position. #pippin #JELLYJEELY
