SATS volume reduction and dead cat bounce, the market makers' scythe is ready!
The 5-minute chart of SATS is stuck at $0.0001164, playing dead, with the Bollinger Bands forming a death triangle— the upper band at $0.0001167 suffocates traders, the lower band at $0.0001142 pretends to support, and the middle band at $0.0001155 absorbs buying until it cramps up. The EMA7 at $0.0001160 and EMA30 at $0.0001156 are stuck together like glue, and this trend is clearly waiting for Bitcoin to issue orders. The MACD is grinding out a dead cross underwater, with the green bars shrinking to toothpicks, and both bulls and bears are waiting for the market makers to flip the table.
On-chain nuclear alert
On-chain evidence: Three hours ago, the Binance mining pool address dumped 28 billion SATS, directly crashing the price from $0.000117 to $0.000115. The project team is even harsher, transferring 50 billion tokens to a mixer in the early morning; this is definitely a prelude to a scam! RSI is at 66, indicating overbought, but the trading volume has shrunk to 18 billion, which is a fraction compared to the 5-day average volume of 35 billion, clearly showing the market makers are fishing.
Market makers' double kill script
There’s a sell pressure of 60 billion coins at the upper level of $0.000117 and a buy order of 40 billion coins at the lower level of $0.000114 pretending to support the price; this setup is a slaughterhouse for contract explosions. Right now, it’s either to stabilize at $0.0001167 and force the shorts to blow up, or break through $0.000114 and wipe out the longs; the longer it consolidates, the worse the death will be. My strategy: If it breaks through $0.000117, take a small position to catch the tail; if it falls below $0.000114, go short to collect the carcass, but don’t get tempted in between! Remember, the market makers love to spike prices at dawn, set your stop-loss at $0.000113 to save your life!
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