SPSC just pulled a classic fakeout move—broke out then immediately reversed. Now we're back down here retesting support levels. Still eyeing that 12M target though. This kind of whipsaw action usually shakes out weak hands before the real move happens. Watching closely to see if this bottom holds or we get another leg down.
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.
19 Likes
Reward
19
8
Repost
Share
Comment
0/400
LiquidityOracle
· 19h ago
Here we go again? Breaks down and then pulls back, probably still telling the same story this time next year.
View OriginalReply0
PensionDestroyer
· 12-08 17:29
Same old trick again—a fake breakout followed by a dump. They play this game every time. Weak retail investors always get shaken out like this, haha.
View OriginalReply0
BearMarketSurvivor
· 12-07 12:56
Same old trick again. Breakout reversal—weak hands should be shaken out. Whether the support level can hold, wait for one more candlestick to decide, don’t make blind guesses.
View OriginalReply0
faded_wojak.eth
· 12-07 12:54
Here we go again? Breaking support and flipping to short—this is definitely a classic move to cut retail investors.
View OriginalReply0
LuckyBearDrawer
· 12-07 12:52
Same old trick: a fake breakout followed by a pullback, the classic play to fleece retail investors is being repeated once again.
View OriginalReply0
ZkSnarker
· 12-07 12:51
ngl the classic bart simpson pattern, except this time it actually might shake something loose. weak hands getting liquidated is basically market mechanics at this point tbh
Reply0
FromMinerToFarmer
· 12-07 12:41
Same old trick again: a breakdown followed by a reversal, retail investors get squeezed out—it's really so frustrating. Let's see if this support level can hold; otherwise, the drop will continue.
View OriginalReply0
CexIsBad
· 12-07 12:37
Same old trick again, a quick reversal right after a breakout... The weak hands must have been shaken out by now.
SPSC just pulled a classic fakeout move—broke out then immediately reversed. Now we're back down here retesting support levels. Still eyeing that 12M target though. This kind of whipsaw action usually shakes out weak hands before the real move happens. Watching closely to see if this bottom holds or we get another leg down.