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Dazmon
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把反弹和反转分开看很重要,尤其是薄盘口里的波动放大。0.025能否有效突破,确实比单日涨幅更有参考价值。
This wave of CORE's wick pullback looks like a shakeout, but in reality, it's the most tormenting market.
It was hammered down to 0.02241 intraday and quickly recovered, with a single-day surge of 10.54% and a 7-day increase of 36%. Many people have started fantasizing about directly hitting the target price.
But the reality is harsh:
Around 0.025 is a big mountain, full of trapped positions held for more than half a year.
This rebound relies on narrative sentiment, not a fundamental breakout.
If the market shakes a bit, CORE's drop will be much fiercer than the mainstream, with thin liquidity causing sudden wicks, and high leverage trades can wipe out all previous profits in one shot.
Don't assume a bull market has started just because of one big bullish candle.
Only if it breaks through resistance does the market have a chance; if it can't, the current rebound is just an opportunity to reduce positions for trapped holders and to trap those chasing highs.
Short-term trading is possible, but don't mistake the rebound for a reversal. This market is easiest to make small profits but lose big positions.
#CORE
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