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$TRADOOR I drew this 12-point bearish candle. See yesterday’s upper wick at 0.5761? That was my sell wall, placed specifically to sweep up those chasing the highs. Today’s drop to 0.5018 came within one wick of my preset liquidation level.
Here’s the trading logic, laid bare: the current price is 0.5051, with just 1.7M in 24h trading volume, and the order book is paper-thin. I first place fake breakout orders above 0.57 to lure retail traders in, then I can turn around and use just 200,000 U to smash the price through the 0.52 support. On-chain data is even more straightforward—the top ten addresses haven’t moved their holdings, which means the tokens are still in my hands. This drop is just shaking out weak hands, not selling off.
Remember the key levels: 0.5018 is today’s low and my psychological line in the sand. If tomorrow’s close falls below 0.50, I’ll add another hit and scoop up bloodied tokens around 0.46; conversely, as long as price gets back above 0.53 on strong volume, that means the momentum buyers have absorbed the supply, and I’ll ride the move up to 0.58 for a second wave. At this level, chasing shorts isn’t worth it, and longs aren’t confirmed yet, so the best move is to wait.
Trading advice: Leave the current price of 0.5051 alone. Place small long orders in the 0.49–0.495 range, with a position no larger than 20%, a stop-loss at 0.475, and take-profit targets at 0.545 and 0.576. If price breaks below 0.50 on strong volume and doesn’t bounce back, reverse and follow the move short toward 0.46, with a stop-loss at 0.515. Remember, 1.7M in trading volume means huge slippage, so don’t use market orders—use limit orders only.
The old-timers who’ve followed my strategy in the group for three months know it well—I don’t chase pumps or sell the lows; I just profit from wicks. Want to see the support and resistance levels I draw as soon as possible? Follow me, and I’ll post screenshots of my orders on the Square before the next market reversal.
The chart doesn’t lie. #每周来晒 #Gate广场中秋团圆局