$BEAT I've seen this kind of trend many times: the 'Heaven and Earth Needle' from the market maker is just an appetizer, the main course is yet to come!
Brothers, wasn't this 20% volatility just fantastic?
Many people ask me: 'LayorX, can I buy the dip now at 2.69?'
Looking at this chart, I just want to ask you one thing: is your heart big enough?
🚬 The instinct of an old trader:
The yellow dashed line path in the chart, does it look like the trend of your account balance? 😂
24-hour trading volume of 1 billion USD, this trading volume has already surpassed many mainstream coins. This means this is a battlefield where real money is being fought over, not child's play.
📉 Technical analysis:
High point: 3.5052 (market maker distribution area)
Current price: 2.6920 (long and short battle area)
Support: 2.4416 (final line of defense for bulls)
The current price is hanging in mid-air, the MA7 short-term moving average still has a willingness to support, but the selling pressure above is immense.
Such a pattern is most likely to lead to a 'downward trend'—where it falls a little every day, making you reluctant to cut losses, and in the end, it's like a frog slowly boiling in water.
💡 Practical strategy:
This drop has been too fast, there will definitely be a rebound to repair indicators.
If you are trapped above 3.0, the rebound is your escape wave.
If you want to go long, set a stop loss at 2.4, aiming for a right-side high point of an M top.
Remember, in this market, staying alive is more important than making money. Don't let the market maker take your money to spend on young models at clubs.