"Hi" is crazy. $HIGH ⛽︎ has been experiencing huge fluctuations recently. It has surged by ~56% since the beginning of the month and then plummeted by ~66%. Situations like this often appear in the altcoin market...

Is there any way to find out in advance? 👇🏻

📊 We can see the clues from the data... We can avoid this plunge through data such as chip concentration and whale alerts...

1. When $HIGH is at its peak, the concentration of chips tends to be highly concentrated on long positions, and large investors hold a large number of long orders. However, before it really reaches the high point, the concentration of long positions has dropped sharply, which means that large investors are taking profits on their long orders. This is an obvious Warning 🚨.

In addition, the concentration of chips when the price was more than 9 yuan failed to reach a new high, suggesting that large investors with long orders are not willing to continue to increase their holdings (retail investors also dare not continue to short).

2. According to the data on long and short forces, a large number of market price buy orders appeared at the high point of HIGH, which was obviously caused by retail investors chasing the increase/retail investors' short orders exploding their positions. Under normal circumstances, when market sentiment is overheated and retail investors experience FOMO, it may be a periodic high.

Combining the combination of the two data (chips + long and short power), you can clearly avoid the subsequent price collapse, or you will not blindly chase higher prices. Understanding data is very important for traders. Trading is not tiring, only at #blave🥸

Data source:blave.org