Learn the precise bottom-fishing logic in 1 minute - Looking at the previous low 👛

Yesterday at #PENGU 0.0166, I tweeted that it should pull back to 0.0153, and indeed, this needle was caught. How was it judged?

It's actually about pulling back to the previous low! A pullback is a very important step when the main force is pushing up, and the purpose is:

1. Confirm support

2. Digest floating shares

3. Accumulate energy

Let’s take the simplest example: On Double 11, apples are sold for 7000, and you didn’t buy. When the event ends, they go back to the original price of 8000; would you buy? And what if they drop back to 7000?

Pulling back to the previous low is effective most of the time. Combined with trading volume indicators, you can clearly understand the little tricks in the market maker's psychology. This volume step is very important because it confirms the market maker's strongest traces, which is also the reason for my doubts in the yellow text in the picture.

In summary, the movements of the K-line are the market maker's most genuine intentions. You must keep an eye on the K-line, using each line to verify and modify your judgment.