The position of #BR is less than 3 million, and a large order can instantly create a surge. Today's sharp rise and fall is the best proof, with clear signs of market manipulation.
First, it consolidates to wash out positions, then it spikes up sharply, followed by holding steady without a drop. This is completely the old routine of TRB, WCT, YGG, and ID, just a change in appearance but not in essence. The dealer's volume is not large, but the market cap is light, and as long as there are followers, it can create excitement.
Those with chips at the low can take profits on half, and then see if a second surge can be achieved.
If you have no position, don’t chase; wait for a pullback confirmation before considering it. If it breaks down, just exit. This indicates that the controlling structure has broken, and the dealer has run away.
The dealer can push up, but they can also push down. The consolidation period after a sharp rise is the observation period; don’t be blindly optimistic, but don’t be too quick to turn bearish either. The real direction will depend on whether it consolidates and then rises, or consolidates and then drops directly.
