In 1 minute, understand whether the institution is unloading or inducing buying to accumulate?

#pengu 0.03 is indeed very confusing here, with fans asking if it is unloading.

First, let's clarify what unloading means?

In simple terms, if the institution is about to exit, they will conduct transactions between themselves to create a false trend of rising prices, attracting retail investors to chase higher prices.

This usually happens when the institution lacks control over the market or the liquidity is very poor. Given the current situation of Penguin, conducting unloading is purely superfluous.

So, what is the frequent friction at #pengu at 0.03 and the massive sell-off about?

If you compare it to the price chart on the 14th, you will find many similarities:

① Both have released large bearish candles at low levels.

② After the bearish candle sell-off, there is an immediate rebound, and the price does not drop significantly.

③ The bearish candles connect head to tail.

This indicates that the main force has strictly controlled the market here, maintaining a range of fluctuations. From this perspective, it does not conform to the unloading pattern at all. Looking back, after the few bearish candles on #pengu on the 14th, it began two segments of upward movement.

Currently, Penguin's problem is that there are too many profits, and it is being heavily drained. The institution probably wants to grind it out a bit more, squeezing while collecting. Although it has already risen 5% since our last tweet, it still does not count as having exited the fluctuation trend.