$ACM Main Control of Market: Violent Cleaning Hidden Signal of Change
At 5 AM, the 5-minute chart showed a spike to 1.036, followed by a rapid rise to 1.17, with a strong bullish candle directly hitting the short sellers' stop-loss orders. The current price is stuck near the upper Bollinger Band at around 1.158, just 2% away from the previous high of 1.19. This 119K high-volume bullish candle is 1.5 times the 10-day average volume of 78K, clearly showing signs of wash trading, as the main force plays the trick of pulling up with one hand and laying mines with the other.
There are three abnormal points in the market:
First, the Bollinger Band's mouth suddenly expands, but the price hovers at the upper band without breaking through; second, the MACD shows a second golden cross above the zero axis, but the red bars continue to shorten; third, there is a sell wall of 82,000 ACM at the 1.17 position. Combined with Binance's news of new margin trading, this move appears more like unloading goods using good news, and the spike at dawn is likely a test of retail stop-losses by a whale.
News is a double-edged sword: The three consecutive price increases of polypropylene rubber in the automotive supply chain are favorable, but on-chain monitoring shows that a giant whale purchased 2 million ACM at 1.03 and has already deposited 800,000 ACM into Binance, potentially ready to dump. If tonight's press conference does not announce substantial staking or lock-up benefits, be cautious of a massacre of long positions.
Volume is the lifeline; if three consecutive candlesticks fall below 50K in trading volume, one must liquidate. The main force has clear intentions in this market, don't be frightened by spikes up and down, and be ready to act at key positions. Remember: if the volume shrinks while the price drifts down, it's time to run; if there's a sharp drop with high volume, dare to catch the bottom; if it's a sideways market, watch for news.
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