When Magic's price dropped significantly a few days ago, it hardly fell at all. It rebounded quickly, so how do we analyze such a coin?
The capital accumulation of Magic is excellent. Firstly, both spot and contracts have long-term accumulation, and this accumulation amount is quite large, accounting for 40% of the market value. This means that 40% of the total market value has been accumulated by the main force, which gives it a significant advantage.
Following this logic, when there are unusual capital movements, take a look at its historical capital accumulation situation. When encountering such notable points next time, you'll be able to seize the opportunity.
I have been observing Magic for the past 2-3 days, and what I'm sharing is the analytical logic. Whether this coin has been bought or not is not important; what matters is how to capture such opportunities next time, which is not difficult at all.
During this significant drop, LTC was quite strong and did not fall, but looking at the capital accumulation situation, it is actually quite average. This makes it a bit more challenging to capture. However, generally, when it does not fall during significant drops, it usually indicates that the main force wants to push the price up afterward, hence there is capital support. The subsequent performance is likely to be better than 90% of mainstream coins.