Today's operations with HAEDAL are simply astonishing! After opening, it surged directly above 0.183, leading shorts to close their positions, only to find that this was just a trap set by the main force! The price was then violently pushed back to around 0.177 and is now stuck between the MA7 and MA30 moving averages, unable to move!
From the candlestick chart, today’s highest point reached 0.18321, while the lowest dipped to 0.17215, with an amplitude of nearly 7%. In terms of trading volume, there was a huge volume of 7.35 million USDT during the early morning peak, which gradually shrank to currently less than 3.2 million USDT. On the MACD indicator, although the red bars are still maintained, the momentum is obviously insufficient, and the RSI also shows a signal of pullback after being overbought.
According to the latest on-chain data, this morning a whale address suddenly sold off HAEDAL tokens worth about 1.58 million USDT, directly causing the price to plummet. The project team later responded in the community saying, 'We are conducting strategic chip collection,' which is seen in the circle as an obvious intention to shake out weak hands!
The market is very clear now; the main force is playing the classic high sell low buy routine. Every time the price rises above 0.18, they start to sell aggressively, while they protect the price and accumulate near 0.175. This pattern has trapped many retail investors who chased high, especially those who bought near 0.182; they are probably regretting it now.
My personal suggestion is for friends holding HAEDAL not to panic; this position is a critical period for the main force to shake out positions. As long as the price does not fall below the support level of 0.177 at MA7, there is still a possibility of continuing to rise. However, if it breaks down below 0.174, the previous low, it may have to test the 0.17 integer mark!
In terms of short-term operations, it is advised not to chase after rising prices or sell at dips, but to patiently wait for clear signals. Friends who want to enter the market can wait for the price to stabilize near 0.175 after a pullback before entering with a small position, placing a stop-loss below 0.173, with a target above 0.18. Those who are already holding can continue to hold, but remember to set a dynamic take-profit to prevent profit loss.
Big names in the circle are discussing today that HAEDAL’s recent fluctuations are preparations for next week’s mainnet launch, cleaning out the weak hands. In any case, this kind of market is most suitable for patient people; the impatient will only be repeatedly harvested here!
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