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$TRADOOR This wave of TRADOOR's plunge is purely driven by controlled funds dumping to harvest, there’s no real new negative news on the fundamentals, it’s just that the chips are too concentrated, large investors directly dump and run, plus the platform’s order book is thin, so it was wiped out in an instant.
Look at the 4-hour chart dropping from below 10 yuan to 1 yuan, KDJ directly dropped into the oversold zone, MACD green bars expanded, a typical fund run scenario.
The previous airdrop positive news for the project has long been overhyped, now that the big investors have sold all their chips, no one is left to buy, making it extremely difficult to push the price back up. The resistance above 5 yuan is as if welded shut, bottom fishing is like catching flying knives, don’t touch it.