$H Single-day doubling 137%, $CLO rising 43%, but $MAGMA plunged 30%——those who understand the dealer’s tactics have already seen signs of a liquidity crunch. I’m gradually dismantling the order book: last night, I first smashed $MAGMA from 0.60 down to 0.36, with a trading volume of 104M, all large orders swept into the low-price zones of $H and $CLO . $H hit a low of 0.082, the dealer then pushed it up to 0.21, taking some profit, but the 223M trading volume indicates they’re still adding positions. $CLO rose from 0.107 to 0.158 at the bottom, with a volume decrease to 21M, clearly driven by follow-up traders; the dealer isn’t full yet. Trading plan: $H can short-term buy on a pullback to 0.18, stop-loss at 0.168, target 0.25; $CLO wait for volume to reach 30M before chasing, stop-loss at 0.15; $MAGMA if it breaks below 0.36, next support is at 0.32, retail traders should avoid catching falling knives. Remember, the market doesn’t lie.

MAGMA-27.02%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned