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$AI 16z, as a decentralized computing power protocol coin focused on AI algorithms, aims to use blockchain to schedule global idle GPU resources. Today, it suddenly surged 30%, hiding three layers of secrets:
First shot hits liquidity low ground
Last night, the trading volume shrank to a minimal 1.31 million, with the price stuck around $0.22-$0.25, allowing the market makers to eat up low-priced chips. This morning, it suddenly broke the $0.25 neckline with a surge in volume, triggering a chain reaction of short position stop-loss orders, causing the price to shoot up to $0.29!
Second shot rides the AI computing power trend
Just before NVIDIA's earnings report, the market is wildly speculating on computing power concepts. AI16z ties the narrative of distributed GPU mining, and market makers take advantage of the situation to drive up prices and reap emotional dividends, while retail investors haven't even understood the white paper before being hijacked by FOMO emotions to get on board.
Third shot plays contract liquidation coordinates
Below $0.25 lies a large number of short position stop-loss orders, and $0.28 is a concentrated liquidation area for perpetual contracts. When the price surged to $0.2787, behind the profit of $501 from 75x long positions, lies a bloody staircase paved with countless short sellers' corpses!
Want to double your account, want to enjoy big profits, want to successfully break even
Follow closely and seize the main uptrend of the bull market in advance!