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$GWEI never touch! 48 hours ago I saw it plummet from 0.25 to 0.144 with my own eyes, and now it has bounced back to 0.2204, seemingly up 48.52% in 24h, but 99% of the 1.62B trading volume is from bots wash trading — this kind of move is clearly a classic pump-and-dump script.
Look at the March data. This time last year, GWEI was stuck around 0.05 for 4 consecutive weeks, then suddenly surged with volume to 0.3 and was directly halved, with open interest soaring 160% but all taken by retail investors.
Now at the 0.22 level, the 0.25 above is a hard ceiling. If it makes another run without enough volume, collapsing back to 0.14 is just a matter of time.
But if you really have itchy fingers and want to gamble, here are the conditions: position size absolutely no more than 1%, stop loss must be set at 0.195, and get out immediately if broken. Don't believe that "washout" nonsense.
Entry price between 0.21-0.215 is slightly safer, take profit at 0.245. Never be greedy above 0.25 — yesterday's dump at 0.24 was obviously a test sell by the whales, with a 2 million U sell order smashing through three layers of support.
As for spot, buying now is like sending a peak gift to the whales. In my group, I told everyone to exit last night. The remaining funds are all waiting for the real bottom of GWEI — around 0.125 would be a reasonable valuation.
Remember, 80% of this coin's circulating supply is held by the top 10 addresses. The prettier the K-line chart, the faster the sickle sharpens. I predict within 24 hours there will be a fake breakout to around 0.23 to lure longs, then a spike down to 0.186. You can test with a small position, but don't come crying to me whether you win or lose.
@Gate_io In the data column, you can't afford the 60% probability of GWEI's historical drawdown.