Smash-style Wash
Method: By placing large sell orders on the order book or directly executing large sell operations, the price is rapidly driven down.
Characteristics: Significant decline in a short period, market sentiment panic, and a noticeable increase in trading volume.
Purpose: To force panic sellers and stop-loss orders to sell their holdings, thereby cleaning the market and filtering out holders.
Operational Details:
Quickly break through key support levels, such as important moving averages or previous low points, triggering market panic.
During the smashing process, the operators will quietly buy back some holdings at low levels.
Such operations are usually accompanied by the release of false news or panic information (FUD), further exacerbating market turmoil.
