In 24 hours, it soared from 2983 to 3216. The numbers look nice, but the candlestick chart already gave it away. Especially that violent surge from 3072 to 3145, the trading volume exploded, and what happened? The price immediately dumped back to 3074. This isn’t accumulation; this is distribution at the top. Now it’s rebounding to 3199, looking fierce on the surface, but actually, there’s heavy volume at the top with no price increase—the momentum is clearly exhausted. The final push? More like bait before dumping.
My judgment is straightforward: a bull trap. When the whole market is shouting “bullish,” that’s often when the main players are quietly exiting. The signal of a pump-and-dump is right there—if you’re not shorting at this level, what are you waiting for?
For my trade, I’m eyeing the 3190-3205 range for entry, with a stop loss strictly at 3225—if it breaks out, admit the mistake and get out, no hesitation. Target at 3100 first, and if it can fill the gap down to 3050, even better.
Don’t be fooled by the apparent strength. This kind of pump is paper-thin; the big players are playing their old “turn off the lights and eat noodles” trick. Shorting now actually offers a pretty reasonable risk-reward ratio. But remember, discipline is life—strictly follow stop loss and take profit rules.
If you wait until the big players are done unloading before reacting, you’ll just end up holding the bag. Protecting your principal is always more important than chasing pumps and dumps. If there’s profit to be made in this correction, you’ve got to take it.
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GateUser-e51e87c7
· 12-04 06:40
Eh, I’m watching this ETH move too, but I think your judgment might be a bit over the top. Exploding trading volume actually shows that the bulls are seriously putting in money—it’s not that easy for it to just be distribution.
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ReverseTradingGuru
· 12-04 06:39
The main force's unloading technique this time is really brilliant. The divergence between volume and price is obvious at a glance. The momentum died at 3199, which is a clear sign of a bear trap.
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SleepTrader
· 12-04 06:39
Here we go again. Heavy volume at the top with no price increase is what annoys me the most. The main players are overusing this trick.
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If 3225 breaks, I'll admit I'm wrong and cut my losses—can't survive in this game otherwise.
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A bull trap is a bull trap, the key is to see how low it can go. Only when the 3050 gap is truly filled does it count.
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This flimsy kind of rally is really disgusting, but it's also hard to hold shorts and sleep well. This rhythm is kind of hypnotic.
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Whenever the whole market is bullish, I get a headache. This always ends badly.
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First, let's see if 3100 can hold. If it can't, then we can talk about the bear case.
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Honestly, I believe the main players are distributing, but I'm just afraid it'll end up slapping us in the face the other way, as always.
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Discipline comes first—capital is everything. Don't get killed by the temptation of just a couple of points.
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3190 was a pretty solid entry, just worried the trend will reverse halfway. This kind of market is the worst.
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GoldDiggerDuck
· 12-04 06:31
Uh, actually I think you might be looking at this the wrong way. The increase from 2983 to 3216, with a breakout on high volume, doesn't necessarily mean it's a distribution.
There are a lot of fake-out tactics too, so don't lock yourself into the bearish side. Be careful not to get caught off guard by a reversal.
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MetaMasked
· 12-04 06:19
This is the same old trick from the main players again, really tired of it.
#美SEC促进加密资产创新监管框架 $ETH I see this round of pump pretty clearly—it’s just a setup.
In 24 hours, it soared from 2983 to 3216. The numbers look nice, but the candlestick chart already gave it away. Especially that violent surge from 3072 to 3145, the trading volume exploded, and what happened? The price immediately dumped back to 3074. This isn’t accumulation; this is distribution at the top. Now it’s rebounding to 3199, looking fierce on the surface, but actually, there’s heavy volume at the top with no price increase—the momentum is clearly exhausted. The final push? More like bait before dumping.
My judgment is straightforward: a bull trap. When the whole market is shouting “bullish,” that’s often when the main players are quietly exiting. The signal of a pump-and-dump is right there—if you’re not shorting at this level, what are you waiting for?
For my trade, I’m eyeing the 3190-3205 range for entry, with a stop loss strictly at 3225—if it breaks out, admit the mistake and get out, no hesitation. Target at 3100 first, and if it can fill the gap down to 3050, even better.
Don’t be fooled by the apparent strength. This kind of pump is paper-thin; the big players are playing their old “turn off the lights and eat noodles” trick. Shorting now actually offers a pretty reasonable risk-reward ratio. But remember, discipline is life—strictly follow stop loss and take profit rules.
If you wait until the big players are done unloading before reacting, you’ll just end up holding the bag. Protecting your principal is always more important than chasing pumps and dumps. If there’s profit to be made in this correction, you’ve got to take it.