🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
Let's talk about the second segment of this market again. It's actually not easy to do. Don't be fooled by how many newcomers are writing about the second segment in an impressive manner; it doesn't hold much reference value.
The two-stage bottom-fishing strategy was first applied on ETH memes. After the first wave of rise, it continuously distributed and fell to certain "support levels", starting to consolidate. The quotation marks are used because many coins' "support levels" are false support levels, created to lead retail investors to continue buying at these support levels, forming K-line positions.
How to determine the true "bottom" is actually very difficult. Because when the support level is moving sideways, the market maker has three choices:
1) Sideways consolidation
2) After retail investors buy the dip, they continue to sell off.
3) Do not perform all actions
So you will find that as a retail investor, it is very difficult, because the project parties can choose from several approaches depending on market enthusiasm, the intentions of the project parties, and liquidity. This kind of game is inherently unfair.
Especially now, under the circumstances of poor liquidity and lack of fresh gameplay, the winning rate in the second phase will significantly decrease.
Just look at the recent trends of ani, clippy, and you'll understand #今日你看涨还是看跌?# #九月份加密市场能否突破# .