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$BASED Brothers! My little sister is really going crazy—earlier, seven consecutive 30m candles shot from 0.11 straight up to 0.157, a nearly 42% increase, my short at 0.145 was directly wiped out 💸
Look, just the previous wave had a trading volume of 205.6M supporting it, but the next candle closed and was immediately cut in half to 9.3M, a 95% drop. It's a typical case of a whale increasing volume to push prices up and then looking for the last wave of buyers. The key is that the fee rate +0.0844% longs are still bleeding, giving shorts protection fees, and the whale pushing so high still has to pay to get in. The cost of this round of manipulation is too high.
My little sister is now holding stubbornly around 0.156. How much longer can it keep rising? 😭