Warning! EDGE long positions are crowded, beware of the market manipulator "closing the door and hitting the dog"!

Folks, this wave of EDGE's surge is indeed fierce, directly reaching 1.04, a 33% increase! But brothers, the more intense the situation, the calmer you need to stay. This market looks a bit "dangerous"!

Look at the long-short ratio, the nominal long-short ratio has reached 104%. What does this mean? It indicates that the vast majority of people in the market are bullish and rushing in! But this is exactly the situation that market manipulators love to see. What do they like to do? They like to push everyone to one side and then reverse and harvest!

Right now, the long positions are too crowded, like an elevator packed with people. As soon as there’s a slight disturbance, everyone rushes to get out. When a stampede happens, the price will suddenly drop sharply!

And look at the whale data. Although overall the longs are dominant, notice that the whales in loss are also quite a few! What does this mean? It indicates that big funds are quietly building short positions or reducing their holdings at high levels! The market manipulators won't be foolish enough to chase highs with retail traders. They are probably secretly distributing chips at high levels, waiting for retail traders to take the bait!

Also, check the candlestick chart. Although the price is still high, there are already upper shadows, indicating significant selling pressure above. The manipulators' willingness to push higher is weakening. They might be just maintaining a high-level oscillation illusion to attract more people to buy in, then suddenly slam the market down, trapping everyone at the top!

So brothers, don’t be blinded by the current surge! This is very likely a trap set by the market manipulators. Once everyone rushes in, they will start "closing the door and hitting the dog"! At this position, the risk far outweighs the reward. Hurry and run! Don’t wait until the manipulators dump the market and regret it! Remember, market manipulators are always smarter than we think! $EDGEX