$BERA The market maker is waiting for you to cut your losses, while you are waiting for the market maker to push the price up.
The market maker's cost is between 0.40 and 0.43. They can sell at around 0.61, making about 30% profit; Currently, above 0.62, retail investors are unwilling to take the bait, and no one wants to be the bag holder. Moreover, above 0.65, there is strong resistance from trapped positions. Without a significant increase in trading volume, if the market maker forcibly pushes the price up, even if it goes higher, no one will buy in as a bag holder, and the market maker is just hyping and singing to themselves. Therefore, considering the current volatile trend, it is most likely to fluctuate and wash out between 0.55 and 0.65, until you are forced to cut your losses.
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$BERA The market maker is waiting for you to cut your losses, while you are waiting for the market maker to push the price up.
The market maker's cost is between 0.40 and 0.43. They can sell at around 0.61, making about 30% profit;
Currently, above 0.62, retail investors are unwilling to take the bait, and no one wants to be the bag holder.
Moreover, above 0.65, there is strong resistance from trapped positions. Without a significant increase in trading volume, if the market maker forcibly pushes the price up, even if it goes higher, no one will buy in as a bag holder, and the market maker is just hyping and singing to themselves.
Therefore, considering the current volatile trend, it is most likely to fluctuate and wash out between 0.55 and 0.65, until you are forced to cut your losses.