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Brother $EVAA who bought the dip at 0.42 yesterday, now at 0.96, with a 1.3x profit in hand, but note that the 24-hour trading volume is 323 million — liquidity is flowing in heavily, and the market maker's bottom position cost is in the 0.5-0.6 range, currently with a 60% unrealized profit, but not fully sold out.
I simulate the trading steps: first, use 80-120 million to buy down to 0.4; second, push the price up to 0.98 to create a breakout false signal; third (what you see now) is the current sideways trading at 0.95-0.98, with a daily turnover rate over 30%, a typical washout to shake out short-term traders.
Note that the 24-hour amplitude is 133%, with 0.98 as the previous high resistance level, and 0.42 as the lowest support. If it drops below 0.85 tomorrow, it indicates the main force is pulling back to 0.7 to shake out short-term traders. But if it stabilizes above 0.95, the next target is 1.2.
Trading advice: those who haven't entered, don't chase; wait for a light position to test long around 0.85-0.9, with a stop loss at 0.78. For those already holding, set profit-taking at 1.15-1.2, and keep position size below 20%.
If you're watching the market like me, remember this signal: once a 15-minute chart shows a continuous volume-driven bearish candle below 0.9, reduce your position immediately. The market won't lie — whether this wave is driven by retail investors or speculators depends on whether it can break through 0.98 with volume tomorrow morning.
Final question: do you think 0.95 is a real breakout or a false breakout? I'm waiting for a pullback to buy more.