User-Thn04

📢 THE DRAMATIC "PUMP & DUMP" OF PI/USDT ON CLEARING DAY✨ (04/05)
— Long & Short positions caught in a “liquidation whirlpool”! —🇻🇳

🧑‍💻 In the early hours of 04/05, the PI/USDT perpetual pair on OKX witnessed a breath-taking volatility:

The price plummeted straight down from 0.5399 to as low as 0.4000 USDT in just a few 15-minute candles (a decrease of ~25.9%)

But then, unexpectedly surged🚀 straight back up to 0.7990 USDT in a 5-minute frame (almost doubled, an increase of 99.75%)!

The classic 🧨"shakeout - snapback"☠️ pattern was formed. Those who entered Long positions early – used trailing stop too tight – were almost completely wiped out just before the price shot up like a rocket.

☠️ This surge not only wiped out the Long positions but then also heavily squeezed the Short positions when the price reversed rapidly.

✨What does the chart show?

🔮 Buying volume spiked at the bottom => There are "whales" or bots accumulating.

MACD shows strong negative divergence after the pump => High profit-taking pressure, price likely to adjust.

The price corrected to around 0.6101 USDT after the pump.

👉 This volatility might be the result of exchange bots or market makers triggering a series of Trailing Stop orders and exploiting crowd psychology for short-term manipulation.

✨ Both Long and Short positions have become victims!

🎯WARNING TO ALL:🆘
Retail traders need to manage risks better, avoid setting trailing stops too tight, and should not fomo into unusual candles.