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$AIOT Extreme trading, extremely cunning!
As I mentioned before, the market-making tactics of DWF Labs—this kind of repeated up-and-down wash trading—is their usual style. When you trade this coin, if you just look at the small-timeframe K-lines, you completely can’t make out any direction. Once you switch to a larger timeframe, the direction becomes clearer.
Right now, compared to a few days ago, the amount held has dropped a lot, and the contract trading volume has also fallen significantly. Its market cap is very low (around 30 million), which gives the impression that no one is playing it. But the market maker can push it up at any time—triggering stop-losses on those short positions (taking losses).
Personally, I’m still looking bullish on the coin’s direction (just my personal opinion). What do you all think?