THE Cryptocurrency: A Game of Bottom Fishing Amidst Heat and Risk
THE initially sparked significant market attention at its launch, with a surge in interest and numerous calls to buy. However, its price trajectory has been disappointing, showing a continuous downward trend, causing many investors to incur losses during this process, especially those retail investors who hastily attempted to bottom fish THE, seemingly trapped in an abyss, deeply ensnared.
Upon closer investigation, it becomes apparent that THE's trading volume is suspected of significant fake volume manipulation, which directly leads to an inflated market capitalization. In this context, it is perplexing why many investors still choose to engage in bottom fishing operations.
Recently, THE's price has significantly dropped to around 1.6U. From a comprehensive assessment of technical analysis and market experience, its potential for further short-term declines may be limited, and it is likely already in a phase of bottoming out. Given this, I attempted to make a small purchase of THE today, aiming to profit from a potential price rebound; of course, this also carries certain risks, as market uncertainties still exist, and any investment decision must be approached with caution and close attention to subsequent market dynamics.
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