#SATS You need to learn to identify the ice line,
especially the ice line in the top distribution
range. After SATS fell below the ice line, it fell
sharply by 20%. This is why I immediately
liquidated my sats position even if I lost money.
The ice line in the distribution stage is the most
important price support area. Once it falls below,
it will fall rapidly. The distribution phase is a
critical stage in the Wyckoff market cycle, which
usually occurs at the top of the market when the
main players begin to reduce their positions and
prepare to leave the market. At this stage, the
price may test this lower boundary or ice line
multiple times, and demand will cling to the
support area. When the price approaches the ice
line, demand will enter the market. When
demand is exhausted, the price in this support
area is like falling into an ice hole, falling rapidly,
which is a strong downward signal. The ice line is
drawn differently from support and resistance.
During the distribution stage, it is generally at
bottom of the trading range (TR). The ice line is
often aligned with the bottom of the trading range