Falling from the altar! Why did HIGH fall so sharply after a 50% plunge in two days? Revealing the dealer's trading tactics for you
1. Project Introduction Token name: HIGH
Section: Metaverse, Games Introduction: Highstreet (HIGH) is a money-making MMORPG game that provides shopping and gaming experiences through its open world Metaverse platform. Users can participate in in-game activities such as quests, social activities, etc. to earn tokens, improve rankings and obtain NFTs Project financing: US$5 million (AMB, led by Binance Labs)
2. Brief analysis of the market
1. HIGH started the rising mode in mid-April this year and continued to rise during this period, showing the characteristics of long rising time, large amplitude, small correction, etc.!
Damn the project! The airdrop was full in the early stage, and then the 3r handling fee was paid. So 2000 tokens are worth more than 1 cent. Now no one will pick up a dime dropped on the ground! This project is a disgusting waste of time! They even posted a middle finger emoji on Twitter to insult the IQ of retail investors! How can this be tolerated!
The US stock market opens in the evening, and Bitcoin and Ethereum are at a critical position, testing the upper resistance level again. Bitcoin is fluctuating in the high range of 92800~95800, struggling to break the key level of 96100 above, while Ethereum is fluctuating in the range of 1750~1860! This evening, a decline followed by a rebound is expected! Yesterday, Coinbase's stock closed down! This position needs to be tested, but the turning point is not far away! Do you think the probability of breaking upwards is greater or the probability of breaking downwards is greater?
The callback has ended! Brothers, all the previous short positions have been closed with profits! We will provide more in the square later! Because we can't notify everyone of entry and exit points at all times! Please check my homepage!!
Be sure to avoid this person who shares profit time charts and uses the gimmick of quantitative strategies to deceive others into believing they are a high-winning-rate quantitative master! Scam technique: After diverting traffic to WeChat, they will add DingTalk to share screens, obtain keys, and transfer account funds away.
Friends in the square, be sure to avoid this person who shares a profit timeline chart along with the hype of quantitative strategies to deceive. Scammer's trick: directing traffic to WeChat, then using DingTalk to share screens, obtaining verification to transfer account funds. Someone has already fallen for it and lost 1500u! A reminder again!
Many friends and retail investors ask? Why are there large fluctuations at night? Because in the evening, people in the western hemisphere wake up and start joining the market. Most importantly, the opening of the US stock market brings a certain level of liquidity to the market, and Bitcoin is also considered a tech stock of the US market. So at night, it mainly follows the US stock market. If you have to highlight a specific stock, it would be the price of Coinbase, which is closely related to the fluctuations of Bitcoin at night! Don't believe it? Go back and test it yourself!
Many people ask why Ethereum is so strong. The Ethereum exchange rate has rebounded, so when Bitcoin falls, Ethereum doesn't fall much. Previously, Ethereum was weak, but recently Ethereum has been strong, so it has fallen less!
Is there no one at Binance Square? No one wants the free orders, just gathering popularity. Sharing my own thoughts, it took less than an hour to get over a thousand points, shorting before the US stock market opens!
Is anyone there? The US stock market has opened! Do you want an order? If the direction is clear and comes out, there is a lot of space for big profits!
Last night, it was clearly stated that there would be a rebound first and then a decline. After Ethereum reached a new high last night, today it fell back, and Bitcoin had already reached a new high earlier, so both declined, and the oscillation and pullback continue! Future strategies will be provided later!
Come and check out two tokens, one is the fan token Juv and the other is perp, the latter has a structure very similar to Lto! Strong bullish sentiment.
Currently, after the second phase surge of Bitcoin, the upward momentum has weakened, and it has reached the upper Bollinger Band. Be cautious with long positions; do not go long at all costs, and instead position for short! The upward momentum has already weakened! Bitcoin 95600~96000 short loss 96600 target 93000 Ethereum 1830 short target 1750 loss 1866
$OM A comrade sent good news, hard work pays off! He has got it under control; I have reminded him multiple times before. Tonight, there was a lot of on-chain activity with large transfers, something must be up, and it took off! OM has plummeted, what do you think about that? Is there a loss?
$OM Imagine if you shorted around 6.2u before the crash, with a margin of 1000u and 5x leverage, how much profit would the current price of 1.2u yield? The answer is around 4000u, which is a profit of 400%! Now, what if we max out the leverage? 20x would equal 1600%! That is, 16 times, with a profit of 16000u. 1000u is approximately 7300, and 16000u is approximately 116800. In just under an hour, 7300 RMB turned into over 110,000, it’s easy to imagine that it would take a normal working person a year or even longer to accumulate over 110,000 RMB! Yet the crypto market can yield so much in just one hour! Respect the market!
$OM OMG!! Sudden event caused OM to plummet over 70% in a short time. Those who shorted have made a fortune! Are there any brothers who are stuck? If this long position is stuck, is it basically unrecoverable? The big players dumped over ten million OM in a short time! Stay alert for panic selling!
Perhaps everyone in the cryptocurrency circle does not have a deep understanding of the 34% tariff increase on top of the existing 20%, nor do they have a clear concept of the sudden increase in tariffs from commonly used transshipment trade countries.
To put it simply, I come from a manufacturing background and am still in operation. Our main export regions are primarily Europe and America. For the last month or two, I have been in discussions with major supermarkets and importers about this issue. The 20% tariff needs to be shared by both parties, with the best outcome being roughly 50/50. Most of the burden falls on domestic suppliers, who will bear over 60-70%. To put it more plainly, most manufacturing industries have a gross profit margin of about 15-20%. After deducting costs and expenses, the optimistic net profit is around 10%, while the less optimistic figure is 5-8%. If we then take on half of that 10%, we are already in a state of no profit or even loss. Now, suddenly, there is an additional 34%, which feels like the sky is falling.
I can't imagine the disaster this tax rate will bring to export companies, especially those reliant on exports to the U.S. Subsidies can't keep up, currency depreciation won't cover the losses, and retaliatory measures won't change the situation for these businesses. Furthermore, with transshipment trade blocked, we can’t export to the U.S. through intermediaries in Vietnam, Cambodia, and other regions. We might soon see a wave of layoffs and closures.
Everyone, don’t underestimate money; this vicious cycle of life will exceed your imagination. Keep your resources safe, and don’t flaunt your wealth when you're out. Stay low-key. I personally reserve my opinion on the extensive impact of this event on real life.
And don’t argue that shifting domestic demand and sales to other countries cannot solve the problem, because the American market is the largest in the world, even comparable to Europe.
Under a collapsed nest, how can there be intact eggs? Take care of yourself and leave a way out.