There is an indicator used to monitor short-term big dumps. Previously, everyone needed this indicator because big dumps were often caused by Large Investors dumping at market price / some Large Investors' positions being liquidated, which allowed for picking up the pieces, so every time there was a significant big dump, everyone was waiting to buy the dip. As a result, in this round of market conditions, this indicator has evolved into a new way of playing, and now many people are watching the big dump monitor to determine if it's a good opportunity for shorting, because after the big dump starting from $OM, it often leads to a new round of even larger big dumps.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
There is an indicator used to monitor short-term big dumps. Previously, everyone needed this indicator because big dumps were often caused by Large Investors dumping at market price / some Large Investors' positions being liquidated, which allowed for picking up the pieces, so every time there was a significant big dump, everyone was waiting to buy the dip. As a result, in this round of market conditions, this indicator has evolved into a new way of playing, and now many people are watching the big dump monitor to determine if it's a good opportunity for shorting, because after the big dump starting from $OM, it often leads to a new round of even larger big dumps.