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$CYPH That was a brutal hit: down 11.19% straight to 2.6660. The sharp drop to the 24-hour low of 2.5820 was the market maker sweeping out weak hands. Trading volume was only 1.6M, with no volume spike, which means the selling pressure wasn’t retail dumping—it was the market maker creating panic by trading back and forth between its own accounts. The price was pushed all the way down from 3.0980 at a steady pace, with every rebound capped below the moving averages—a classic price-suppression and accumulation tactic. The area around 2.6 is a previous zone of concentrated holdings, and the market maker won’t easily let the price break below it. Most likely, it will trade sideways between 2.58 and 2.72 for a few days. For trading, place bids below 2.58, set a stop-loss at 2.50, keep your position under 30%, and sell half first if it rebounds to 2.85. The chart doesn’t lie. #Gate广场中秋团圆局

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CYPHCYPH-1.28%

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StableFarmer
2 hours ago
The market maker really has a firm grip. Volume has dried up like crazy; sitting tight around 2.6 and waiting for a signal
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InsureUmbrella
3 hours ago
Selling half the position at 2.85 is a bit conservative. What if it breaks above the previous high? But first, let's focus on surviving
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MacroLeverage
3 hours ago
A 30% position is easy to talk about, but if it really breaks below 2.5, I might have to uninstall the app overnight
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TestnetFarmer
3 hours ago
They’ve made quite a show out of 1.6M in trading volume; this market is even thinner than I thought
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RoyaltyTimeCapsule
3 hours ago
If the dense cost-basis zone can't hold, there's a vacuum below, so keep that in mind when setting your stop-loss
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PerpColdHands
3 hours ago
First Review
It dropped from 3.1 to 2.6 without a breather—the moving average resistance was textbook, absolutely textbook
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