$GWEI dropped 21% in a day, now at 0.0823. Those who chased the top are down $2,200 for every $10k, and there is a 9.7% probability of continuing down to 0.079, breaking the new low.

In plain English: 24-hour trading volume $233 million, but the price has been hammered down from 0.106. This red candle is accompanied by volume, it's not a fakeout.

At the 0.082 level, I only see two types of people leaving: one is those who bottom-fished near 0.1 a few days ago, now they are cutting losses in a very synchronized way; the other is short-term traders who ambushed below 0.08, seeing the bounce to 0.082, they are eager to hand over their chips.

Currently, the order book sell-side depth is 1.5 times the buy-side, a typical buyer weakness.

I have only one suggestion: don't touch it. Below 0.075 might be the real bottom-building zone. Going in now is just catching the whale's falling knife. If you really want to gamble on a rebound, wait until the price holds above 0.084 and the 15-minute chart prints three consecutive bullish candles, otherwise just squat and watch the show.

Entry conditions: Hold above 0.084, light position no more than 2% of total assets, stop-loss at 0.078, take-profit at 0.093, don't be greedy. Once it breaks below 0.079 here, the next stop is 0.072, no point in placing orders.

I'm not telling you to go all cash, but the uncertainty at this level is too high. If you are a stubborn bull and insist on going in, remember to set a stop-loss order — many people got liquidated on Gate because they held onto losing positions.

I am a professional at talking people out of trades, curing all kinds of FOMO impulses. I expose a whale trap every day, just to help you lose less. If you find this useful, follow me. When the next real buying opportunity appears below 0.1, I'll notify you immediately. For now, keep your hands off.