#数字资产市场动态 $PUMP this wave of market movement is quite interesting. The volume has dropped sharply by nearly 10%, combined with such high holdings, it's a classic sign of bullish traders getting liquidated and the main players dumping assets. Looking at the chart, it's clear that the sell orders are heavily suppressing the price, with no signs of buy-in.
From a technical perspective, this isn't a healthy correction; it's just continuous dumping plus long positions being liquidated. With a trading volume of 166M and open interest approaching 30 billion, this is a clear bearish signal.
A short-term rebound? Possibly, but there's a lack of buying interest, so the rebound will be limited in height. As long as the price can't break above 0.00285, the downside potential remains.
If you want to short: 📍 Entry range: 0.00270 - 0.00275 ⛔ Stop loss: 0.00285 (exit if this line is broken) 🎯 First target: 0.00250 🎯 Second target: 0.00230
That's about it. The buying depth from the low bullish side isn't enough, and the price direction is basically written on the chart.
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RugpullAlertOfficer
· 01-18 13:08
Oh man, it's the same old trick again. The big players dump the price, and we're the bag holders to cover the losses.
Longs getting liquidated is really disgusting. They do this every time to cut a wave.
If 0.00285 can't be broken, you really need to be careful. It might be heading down to buy some noodles.
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ZKSherlock
· 01-18 13:04
actually... the orderbook depth thing is real but people keep missing the privacy implications here. like, you're literally broadcasting your liquidation parameters to everyone watching the tape? that's how whales front-run retail positions tbh
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ProbablyNothing
· 01-18 12:52
The selling pressure is so fierce that the bulls are probably headed to hell collectively. It's a classic case of the wool coming out of the sheep.
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StakeTillRetire
· 01-18 12:42
It's the same old trick again—main players dump the market and blame the longs for liquidation. Saying this every time is really impressive.
#数字资产市场动态 $PUMP this wave of market movement is quite interesting. The volume has dropped sharply by nearly 10%, combined with such high holdings, it's a classic sign of bullish traders getting liquidated and the main players dumping assets. Looking at the chart, it's clear that the sell orders are heavily suppressing the price, with no signs of buy-in.
From a technical perspective, this isn't a healthy correction; it's just continuous dumping plus long positions being liquidated. With a trading volume of 166M and open interest approaching 30 billion, this is a clear bearish signal.
A short-term rebound? Possibly, but there's a lack of buying interest, so the rebound will be limited in height. As long as the price can't break above 0.00285, the downside potential remains.
If you want to short:
📍 Entry range: 0.00270 - 0.00275
⛔ Stop loss: 0.00285 (exit if this line is broken)
🎯 First target: 0.00250
🎯 Second target: 0.00230
That's about it. The buying depth from the low bullish side isn't enough, and the price direction is basically written on the chart.