This is going to be one of the very few posts I'm going to teach you how a mind of a market maker operates.
Look at the chart i attached with this post.
Why did i choose MDT Token as a trade for you and not just any other token even Tho some of them are great looking from technical point of view?
So, Let's dive into the mind of a market maker " hypothetically ".
This is a weekly chart of $MDT "Measurable Data Token", A token that has 1,000,000,000 (1 Billion) Supply, at this current price, it only takes 42,000,000$ for achieving a fully diluted value "Almost doubling the current price of MDT"
How many Hedge fund have this number of money?
All of them.
How many millionaire from crypto? Millions of them.
Okey, that's for the Non sense part.
For the Technical part,
There is something in trading called seasonal trading, and another thing called "Habitual trading" Which means, Assets tend to repeat themselves, more like the phrase "History repeats itself" Which is true as well.
So Whenever an asset ends a cycle of rise and fall, it tends to repeat that cycle over and over again.
Okey, back to our graph:
Look at the previous 3 pyramidly shaped tops, Now this is very interesting. as on all occassions, the asset price rose and made a top and dropped for almost 70-80% exactly (70.95% 82.69% 71.85%)
Translation: MDT reached it's bottom "Historically" and is ready to make at least a 50% gain on the upcoming days, weeks (31 Dec 2024 by most)
Happy Hunting everyone.
