Crypto friends, I am Zhao Gongming! Today $PIPPIN surged like crazy, up 30% in one day! Are you feeling itchy, wanting to jump in for a short trade? Stop right there! Zhao Gongming will take five minutes to reveal the tricks behind this splendid rise—this is not the start of a bull market, but rather a 'golden pit' that the big players have dug for retail investors!
News: Unprecedented surge is purely self-indulgent
At first glance, the increase is impressive; on closer inspection, all technical indicators signal 'buy'. But if you look carefully at the most critical data—trading volume! Prices are rising sharply, yet the trading volume below is pitifully low, almost a straight line. What does this indicate? There are no retail investors following the trend, no market consensus, it's entirely the big players transferring assets between themselves with minimal funds to 'draw lines and pull prices'! This kind of rise comes quickly but leaves even faster, specifically targeting those eager to chase heights.
Contract market: On the surface, the 4-hour and 8-hour show net inflow, but in the short term, the 15-minute and 30-minute have already seen net outflow. What does this indicate? The main force is using large cycle data to create a false impression of 'funds being optimistic', while actually quietly distributing chips in the short term and preparing to run! They raise the price just to attract you in, to offload their goods to you.
Technical contradiction: 'Dead cross' alarm under an upward trend
MACD above the 0 axis dead cross: This is the classic 'top divergence' suspicious signal! It indicates that the upward momentum has already weakened, and the bearish forces are starting to counterattack.
Key position: The upper 0.505 is a strong resistance level, and if the market maker pushes it here, they may be done. The lower 0.444 is a key level; if it breaks down, this wave of false prosperity will be declared over, directly targeting 0.355 or even 0.266.
All technical indicators for 'buying' may be a lagging response made under the market maker's manipulation. Smart traders look at the divergence between price and energy, funds and signals.
Zhao Gongming's daily sharing, if it helps you, you can follow Zhao Gongming to get first-hand news and entry points in the chat room!
Zhao Gongming's direct judgment: False breakout leads to real decline, 0.444 cannot be held.
Zhao Gongming's conclusion is simple: The recent rise of PIPPIN is unsustainable, it is a typical high-pull distribution market. It is difficult to effectively break through 0.505, and the greater possibility is to turn down when approaching this position. Once it breaks below 0.444, the speed of the decline will be very fast. The target is first aimed at 0.355, and in extreme cases, it can see 0.266.
Retail investor operation suggestion:
Absolutely prohibited from chasing highs: Any buying behavior now is equivalent to jumping into the trap set by the market maker. Remember, rising is not a reason for you to buy, especially in the case of rising without volume.
Advice for watching: When the price approaches the pressure range of 0.495-0.505, it is an excellent time for light positions in short selling. This is the position with the most favorable risk-reward ratio.
Holding position advice: If you unfortunately bought at a high level, do not hesitate, take advantage of the current profit or small loss to immediately reduce your position or exit.
If you don't know the specific entry timing and exit points, and the fans holding positions can follow Zhao Gongming, Zhao Gongming will announce the daily cryptocurrency and entry points as well as exit timing in the chat room! #美联储回购协议计划 #加密市场观察
