Brothers, when investing, you must understand a hidden market rule: the visible declines are often a means for the main players to induce short-selling; while those sneaky declines that catch you off guard are the most deadly real drops.
Look at the candlestick chart, at key positions at the bottom of the candlestick, rebounds are most likely to occur. If the main player lets the price drop during clear periods in the daytime or night, making everyone see this downward trend, it generally stops dropping before 2 AM. Take yesterday as an example, the price dropped significantly during the day, and as a result, it stopped falling at 2 AM today. This is the main player’s trick, deliberately making retail investors see a terrible drop, causing them to panic and quickly sell their chips, while the main player just happens to collect them at low prices.
Let’s talk again about that kind of decline that hides traps. This type of decline often comes with 'spikes' and will first give you a little sweetness. For example, suddenly raising the price from 11 PM to 12 AM, you see it has risen and think the opportunity has come, so you rush in. As a result, when you wake up after a sleep, you find your position has been liquidated. This is actually often the work of certain forces behind the scenes, especially the traders from the United States. They specifically target the time between 3 AM and 5 AM when we Asians are sleeping soundly and crash the market. Their actions are particularly fast, leaving you no time to react, with the purpose of quickly liquidating positions of those leveraged investors, so they can’t escape. Therefore, you will find that the vast majority of large-scale spike liquidation events happen between 3 AM and 5 AM, which is to say, it’s a black hand aimed at us Asian investors!