$people is up!
Share people's operational ideas in a simple and clear way.
People's K-line has been somewhat unusual recently among the meme coins that have been listed with ample potential liquidity.
First, let's sort out the basic information of people.
People was listed on @OKX on October 1, 2021, and then on @binance on December 1 of the same year.
Since it was listed on Binance, it has been fluctuating downward all the way, which is equivalent to Binance users taking over the orders from OKx users.
This thing has been on the exchange for such a long time, and there has been no big movement or noise. Generally speaking, the currency circle emphasizes playing with new things rather than old things.
However, this round of meme narratives is hot and popular, and it can be combined with the upcoming US political election. Those who are interested in the origin and narrative of people can go and learn about it. There must be something wrong when things are abnormal. Let's look at the chain again. People's holdings have been baptized and precipitated over a period of time. The main large addresses are all in the exchange. That period is around point A marked in the figure. There are a large number of people chips inside the exchange, from a certain exchange address to another exchange address, and then the information comes out that this people wants to "change dealers", and this dealer can make things happen in Binance. How to change dealers? The transfer of chips to a certain extent is equivalent to buying a shell in Binance, but Binance's risk control and management are not vegetarian. Even if they buy you a shell with a blind eye, it doesn't matter whether your shell purchase cost is tens of millions or hundreds of millions.
After going online, it has done nothing and has been falling to make money, without increasing trading volume and popularity, and bringing any real benefits to the exchange. It is going to be delisted if it shows its ugly behavior.
The certain information that can be obtained at this time is that this coin will definitely move upwards.
If you are a banker, no matter how unpredictable it is, you will not spend money and throw it aside in a bull market, right? This is a step for bankers/market makers to invest costs. Retail investors, as external funds, may not be able to receive this information at this time, but they still have the opportunity to enter the market later.
Point A is called a "test market". This test market can test the volume and eat up a large number of iceberg orders. This thing can be read, and the main force has at least as much energy and confidence as this test market. Drawing a signal can drive the big and small hot money in the market to rush together. A good K-line actually sends a signal to the market to announce the game against each other.
After the high point A falls back, what information can our funds read?
Normally, the test market will not test such a high position. Since it has tested this position, it proves that there must be action later. Otherwise, it is equivalent to unwinding the historical entrustment and giving money to the insider information. In this case, this operation is meaningless.
In a bull market, we can base our thinking on the information and assume that the market will rise again in the future. Now assume that the second high point is B, and point B is not lower than the height of the test point A.
Then a slightly better and simpler trading idea is that we adjust the price at which we should buy it based on point A and our own holding capacity.
Because I believe it can rise to the highest point of point A, so below the first needle-shaped real column and below 0.045 may be good buying points. If it continues to fall, I will choose to continue buying at 0.03 or 0.02 to spread the cost and adjust the average holding price.
After a period of shocks and declines, the market changed hot spots several times, and people were criticized by countless traders for being weak and rubbish (here we can see the limitations and difficulties of short-term trading).
Then it rises rapidly to point B. So should I sell at this height?
The conclusion is: sell.
We believe that it can rise above the highest point A, but this cannot be done in practice because the market makers often set up false signals at both large and small levels. Especially after a long period of time, the short-term trading psychology will fall into the trap. It is not uncommon that people may be deeply trapped before the second high is broken.
For example, I bought some at 0.04, 0.03, and 0.02x, and the average holding price was about 0.03. When it rose to 0.06, facing such a target with a relatively large amplitude and no actual consumption and infrastructure, should I pay a part of my cost? In order to protect my average holding price, my holding cost continued to decrease relatively speaking.
As it turns out, the second high point B on the daily level did not break through the high point of point A, so there must be a point C. This is not only because of the height of the increase, but also because there is not enough volume in the middle, that is to say, there is not much external capital to push it higher, and the dealer does not have enough shipments to make a profit, so selling is also a safe and flexible choice based on the volume performance.
Then the process from B to C is the same as before.
It will also have a more reasonable buying point, which is the process from B to C. Combined with the overall market, we look at its rising time and the timing of its rise. First of all, BTC Bitcoin must not be in a state of diarrhea, decline, or danger, so the main force of people wants people's performance to be more eye-catching than other projects.
At this point, we can see the overall operation idea.
Then after taking down the volume column of A, we can see here the maximum amount of chips we can buy. You can't buy too many. Before the next rising stage, you destroy the balance of the game, which forces the dealer to wait for you to cut your losses, right? The dealer can help you make money, but if you eat too many chips and want to grab too much cake, the dealer will think that you are not the same kind of person and are not suitable for the same car, so he will not play with you. We can control the maximum purchase amount on this point.
According to this idea, we can push it back to point C. Why does it fall after touching 0.07198? (Here I place a short order at 0.072. When placing a short order at this position, you can place a stop loss at the same time when breaking through the new high. The profit ratio is very good. The stop loss is narrow and the profit is achieved. When testing the small-level MA, you can take profit in batches. Unfortunately, there is no transaction) Because the volume from B to C has increased, but it is still not enough. Therefore, those who have funds and protect their own costs will take profits and exit again. Point a is still a high point, so there will be a good buying point, and the dealer’s preheating is almost done.
So now, is 0.6 a good buying point? Or a good selling point?
The difficulty of the game here has been upgraded. From May 15th to May 20th, people experienced a certain turnover, although the volume may not be enough, and the dealer may also increase investment according to the market situation, so why do we need to protect the position in the beginning? Because with the release of signals and the time of market making, the game situation will become more difficult with the increase of funds and attention. If you do a good job of profit-taking in the beginning, you can achieve negative cost and let the profit run, and wait until a certain signal appears again, and then choose to increase the bet or completely leave the market.
If it falls, I will continue to wait for a good buying point.
If there is an intensified push to attract market attention, I am also willing to blow bubbles with the dealer and look at the annual K. If there is a breakthrough here, there will be a lot of imagination in the future!
