The technicals have already collapsed. Can’t you see this wave of high-volume dumping? The golden cross has already appeared and there are still people trying to buy the dip? Wake up, this is a textbook example of a staged distribution phase.

The whales aren’t stupid—they’d never dump everything all at once. If they did, the exchange would notice right away and the project could even get delisted. Their strategy is to offload in batches: sell half their position first, wait for retail investors to see a “buy-the-dip opportunity” and push the price back up, then sell the second wave. After repeating this cycle a few times, a short-term top is formed.

If you don’t believe me, go check the MXY and AIA candlestick charts. The patterns are identical—high-volume plunge → short-term rebound → another breakdown, and the ones left holding the bag are always the retail traders chasing the pump and dump. At this level, I really don’t recommend entering blindly.