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$$BEAT At this price of 6.76, it dropped 20% in 24 hours with a trading volume of 435 million — the data doesn't add up. Last night at 9.5, there was a huge turnover during the rally, and now it only broke below 7 with decreasing volume, clearly indicating that the main force is accumulating in the 6.6-6.8 range to shake out and wash out traders.
Three possible meanings: 1) Panic selling pushed the bottom, retail investors cut losses while the main force accumulated; 2) Fake dead cat bounce, waiting for tonight's US stock market opening to trigger a linkage; 3) The low point of 6.66 is not a coincidence, the market manipulators deliberately drew support lines to trap traders. I lean more towards the first one because such low-volume deep declines rarely happen within a year.
Trading suggestion: Lightly test around 6.7, set stop-loss at 6.5 (if broken, exit), with a rebound target of 8.2; do not allocate more than 30% of your position, as weekend liquidity is poor. Don't chase short positions; such declines with this volume often see a rebound. I focus on turnover rate on Gate, and signals like this rarely occur within a year.