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Saw many people going to the empty $LIGHT and $RIVER , let me briefly explain
LIGHT almost surged up yesterday, with a deep V + large bullish candle, directly engulfing a long period of decline. This clearly indicates a significant inflow of funds in the short term, with short-term bulls holding absolute advantage. Moreover, since it is large capital, it cannot just buy in and immediately sell out.
The deep V reversal on the K line indicates that the subsequent trends can only be a few: sideways, slow rise, or slow decline; a sharp drop is impossible. Large capital entering the market requires a speculative rise process, followed by a sharp drop to offload. Without a speculative rise, could the main force raise the price themselves and sell to themselves?
RIVER, setting aside the bullish structure, just talking about last night's -1% funding fee, collected once an hour, is a routine similar to $PIPPIN from a few days ago, the more people shorting, the more it rises.
Many people have the psychology of shorting because they think it has risen too much and should correct; it can't keep rising! Just like when bottom-fishing, it has already dropped a lot, so it should bounce back! Of course, this kind of thinking is normal; everyone would think that way. However, trading also requires considering a probability issue: is your buying position at the bottom, and is your selling position at the top?
The answer to this question is quite simple: any trend has only one top and one bottom. This means that whether you are bottom-fishing or top-tapping, there is only one chance of success. Therefore, many times, what we mistakenly believe to be the top and bottom is just a continuation structure in the trend, essentially using a small probability to exchange for temporary psychological comfort.
{future}(PIPPINUSDT)
{future}(RIVERUSDT)
{future}(LIGHTUSDT)
LIGHT almost surged up yesterday, with a deep V + large bullish candle, directly engulfing a long period of decline. This clearly indicates a significant inflow of funds in the short term, with short-term bulls holding absolute advantage. Moreover, since it is large capital, it cannot just buy in and immediately sell out.
The deep V reversal on the K line indicates that the subsequent trends can only be a few: sideways, slow rise, or slow decline; a sharp drop is impossible. Large capital entering the market requires a speculative rise process, followed by a sharp drop to offload. Without a speculative rise, could the main force raise the price themselves and sell to themselves?
RIVER, setting aside the bullish structure, just talking about last night's -1% funding fee, collected once an hour, is a routine similar to $PIPPIN from a few days ago, the more people shorting, the more it rises.
Many people have the psychology of shorting because they think it has risen too much and should correct; it can't keep rising! Just like when bottom-fishing, it has already dropped a lot, so it should bounce back! Of course, this kind of thinking is normal; everyone would think that way. However, trading also requires considering a probability issue: is your buying position at the bottom, and is your selling position at the top?
The answer to this question is quite simple: any trend has only one top and one bottom. This means that whether you are bottom-fishing or top-tapping, there is only one chance of success. Therefore, many times, what we mistakenly believe to be the top and bottom is just a continuation structure in the trend, essentially using a small probability to exchange for temporary psychological comfort.
{future}(PIPPINUSDT)
{future}(RIVERUSDT)
{future}(LIGHTUSDT)
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