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$$CLO 0.2497, in 24 hours it rose from 0.15 to 0.27 and then crashed back down, this oscillation looks like the prelude to a scythe harvesting韭菜? The gambling dogs fear most this kind of “violent surge + pullback consolidation” routine.
I’m watching the trading volume of 85.9 million dollars, the market maker’s firepower is strong, but whether retail investors dare to buy in is another matter.
Optimists see only opportunities: consider these three points—
1) 24-hour increase of 29%, breaking the previous high of 0.275 is just a matter of time, volume is not exhausted;
2) This big bullish candle has swallowed two weeks of decline, confirming a technical bottom, short-term funds are rushing to buy;
3) The 86 million dollar trading volume is not small, after shaking out, the main force will push higher to sell, riding the wave for profit.
Pessimists think this script is too dirty:
1) Dropped from 0.275 back to 0.249, obvious selling pressure, trapped holders above are waiting for the army to liberate;
2) The lowest in 24 hours was 0.154, indicating unstable chips, another sell order could break through;
3) This coin has a small market cap, the market maker’s control is severe, your order is someone else’s liquidity, and the rise and fall all depend on luck.
My advice? Don’t rush into the market if you’re not in yet.
Try small positions near the current price of 0.249, set a stop loss at 0.22 (run if broken), take profit at 0.28.
Keep your position under 10%, this level is either heaven or hell.
If it can rise,扣1; if it crashes,扣2.
Don’t hesitate, I’ll decide whether to follow the trend based on the comments.