Brothers, little sister glanced at the chart—$W —this trend of the market maker “hooking” is fishing again 📉. It’s up by more than a point, and the short rate is still pinned in negative territory without moving. The previous candle already closed with a narrow-bodied bullish candle (a narrow “yang” candle), and the volume is only 60% of the candle before it—clearly a case of shrinking volume with price stalling upward. The sell orders in the order book are piled up like a mountain, while the buy side is paper-thin—this kind of depth simply can’t withstand big orders getting smashed in.

Put simply, the market maker nudging price higher is just waiting for people to chase in so they can take the supply. I’ve just placed a small short at the current price, setting the stop loss above the body of the bullish candle, waiting for the low volume to fail and for a pullback before adding again. Brothers, keep a close eye on $W ’s 1h order book—the answer is in the buy thickness at the best bid and the volume of the sell orders 🤔#Gate广场五月交易分享