To the untrained eye, this looked like a natural, mathematical floor. A "support level" carved by the golden ratio. Buyers thought they were being smart, catching the bounce. In reality, they were walking into a pre-calculated trap.
Human traders, even amateurs, have a cognitive bias. When an asset’s price rises, they look for natural "pullback" points to buy in. The most famous is the 61.8% retracement level—the inverse of Phi (1/1.618 = 0.618). Mme. Chen used this as her mathematical script. jade phi sharking
She would release a single jade pendant to a known influencer—say, a tech CEO’s wife. The price? $100,000. Over two weeks, through a series of whisper-network bids, she’d artificially drive the perceived price up to $200,000. Then, she’d let it "correct." She’d offer a second, nearly identical pendant through a different dealer at exactly $138,200. Why? Because $200,000 - (0.618 * $100,000) = $138,200. To the untrained eye, this looked like a
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