KhoaNhaTrang
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đą THE DRAMATIC "PUMP & DUMP" OF PI/USDT ON CLEARING DAYâš (04/05)
â Long & Short positions caught in a âliquidation whirlpoolâ! âđ»đł
đ§âđ» In the early hours of 04/05, the PI/USDT perpetual pair on OKX witnessed a breath-taking volatility:
The price plummeted straight down from 0.5399 to as low as 0.4000 USDT in just a few 15-minute candles (a decrease of ~25.9%)
But then, unexpectedly surgedđ straight back up to 0.7990 USDT in a 5-minute frame (almost doubled, an increase of 99.75%)!
The classic đ§š"shakeout - snapback"â ïž pattern was formed. Those who entered Long positions early â used trailing stop too tight â were almost completely wiped out just before the price shot up like a rocket.
â ïž This surge not only wiped out the Long positions but then also heavily squeezed the Short positions when the price reversed rapidly.
âšWhat does the chart show?
đź Buying volume spiked at the bottom => There are "whales" or bots accumulating.
MACD shows strong negative divergence after the pump => High profit-taking pressure, price likely to adjust.
The price corrected to around 0.6101 USDT after the pump.
đ This volatility might be the result of exchange bots or market makers triggering a series of Trailing Stop orders and exploiting crowd psychology for short-term manipulation.
âš Both Long and Short positions have become victims!
đŻWARNING TO ALL:đ
Retail traders need to manage risks better, avoid setting trailing stops too tight, and should not fomo into unusual candles.
â Long & Short positions caught in a âliquidation whirlpoolâ! âđ»đł
đ§âđ» In the early hours of 04/05, the PI/USDT perpetual pair on OKX witnessed a breath-taking volatility:
The price plummeted straight down from 0.5399 to as low as 0.4000 USDT in just a few 15-minute candles (a decrease of ~25.9%)
But then, unexpectedly surgedđ straight back up to 0.7990 USDT in a 5-minute frame (almost doubled, an increase of 99.75%)!
The classic đ§š"shakeout - snapback"â ïž pattern was formed. Those who entered Long positions early â used trailing stop too tight â were almost completely wiped out just before the price shot up like a rocket.
â ïž This surge not only wiped out the Long positions but then also heavily squeezed the Short positions when the price reversed rapidly.
âšWhat does the chart show?
đź Buying volume spiked at the bottom => There are "whales" or bots accumulating.
MACD shows strong negative divergence after the pump => High profit-taking pressure, price likely to adjust.
The price corrected to around 0.6101 USDT after the pump.
đ This volatility might be the result of exchange bots or market makers triggering a series of Trailing Stop orders and exploiting crowd psychology for short-term manipulation.
âš Both Long and Short positions have become victims!
đŻWARNING TO ALL:đ
Retail traders need to manage risks better, avoid setting trailing stops too tight, and should not fomo into unusual candles.
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