Hello friends. We've come here today to dance upon the graves of the retail traders who are getting excited about the Waves token for the third time in a row due to a whale causing a liquidity steal in the form of a short squeeze to get as many short positions as possible. We could see the Waves price go somewhere between $11.60 and $9.29 before dumping to zero. Keep in mind that with a Pyramid Scheme asset like this, there is a perpetual selling pressure always being exerted because of the Negative Flyweel effect built into their stablecoin, which has never been able to fix itself and right it's peg. So every single moment, there are people arbing the peg by selling Waves, which will drive the price eventually down to zero. It's like a much slower version of Luna. Retail doesn't care though; They will buy ANYTHING, if you give them a good thumbnail like the one featured.
Thanks for playing.
Always rememer, these markets aren't fair, and they nevee have been. No one is required to play by the rules.
Thanks for playing.
Always rememer, these markets aren't fair, and they nevee have been. No one is required to play by the rules.
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We will probably get another liquidity steal after the price goes down a lot so they can reload before zero
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This liquidity steal has gone on longer than both of the other ones in history, so we are starting to think the peak might actually be in already
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If you look at the chart, it's clear to see that over time the Liquidity Steals get longer and more sharp, while the price declines become smaller and smaller. Think of this as a cycle theory for the waves token.
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Here is another way to look at it