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Don't remind me again today

#币安HODLer空投MMT A certain pro in the circle was quite straightforward this time - investing 2 million dollars in real cash into ASTER, purchasing 2.09 million tokens at a unit price of 0.913 dollars. As soon as he said, "I don't trade, I only hold," the market seemed to ignite.



Numbers don’t lie. Within a few hours, ASTER surged from $0.91 to $1.28, a 38% increase paired with a 1100% explosion in trading volume, with a transaction value of $2.3 billion standing out in this round of market decline. When Bitcoin fell below the $100,000 mark and Ethereum slid to $3,150, with $1.8 billion in leveraged positions getting wiped out, ASTER's independent performance seemed somewhat surreal.

Technical analysts have called a target price of $2.8, based on a breakout from a long-term downward channel. Sounds great? But on-chain data has thrown a bucket of cold water on that—whale accounts have accumulated over $70 million in short positions, with a liquidation price set around $2. This clearly indicates a preparation to harvest at high levels.

Let's look at this matter calmly:

The influence of the pro can indeed ignite market sentiment in the short term, but whether ASTER's own fundamentals can support this surge is a question mark. With a total supply of 8 billion tokens, half of which is allocated for community airdrops, this potential selling pressure is not to be taken lightly.

Market trends driven by news come quickly and leave just as fast. Once the excitement fades, the price may very likely drop back below 1 dollar.

If you really want to participate, starting with a small position and implementing strict stop-loss is the baseline operation. Alternatively, wait for a pullback to the $0.9 range and then observe the timing for entry.

At the end of the day, large capital calls are about making their own arrangements, not a charitable endeavor. Speculation is speculation, and when you earn, you need to understand the importance of securing your profits. The market has never lacked stories; what it lacks are players who can survive until the next story.
MMT-30.67%
ASTER-3.76%
BTC-2.15%
ETH-3.09%
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SelfRuggervip
· 4h ago
The essence of suckers is greed.
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BottomMisservip
· 5h ago
Time to harvest the new crop of retail investors again.
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OnchainDetectivevip
· 9h ago
Charity "Chives" Harvesting Machine
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MoonWaterDropletsvip
· 9h ago
Be Played for Suckers tactics, those who understand, understand.
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Anon32942vip
· 9h ago
Even the brick-moving dogs shake their heads.
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nft_widowvip
· 9h ago
Remember, remember, remember — it's that familiar feeling of a bunch of newcomers getting taken advantage of again.
View OriginalReply0
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