$CC this wave of market movement is indeed worth caution. From 0.05 rising all the way to 0.17, a gain of more than three times has fully released the upward momentum. Now it looks a bit虚 (uncertain or虚虚的).
The signals on the daily chart are quite clear— the downtrend has already started, and the key support level is about to be broken. This is actually a good window for shorting.
Especially, a certain leading exchange's futures contracts haven't yet synchronized with the spot market, with liquidity集中 (concentrated) and volatility at its maximum. Using low leverage to lay in wait is quite reasonable from both technical and risk-reward perspectives. There's no need to rush at this point; waiting for confirmation of support breakdown before entering would be more prudent.
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NftBankruptcyClub
· 01-06 09:01
Hey, a threefold increase just leaves me breathless. This is what it feels like at the ceiling.
Is the support level about to break? I feel like this analysis is a bit over the top. Anyway, I can't understand it.
Laying low with a low leverage sounds good, but I'm just worried that liquidity might disappear suddenly.
Staying put at this level isn't a bad idea; there's no need to rush.
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LuckyBearDrawer
· 01-06 08:54
The threefold increase was a false alarm; this short opportunity is really worth considering.
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ComebackDddd
· 01-06 08:36
A clone with a market cap of over 4 billion, drop it to death, a tenfold decline wouldn't be excessive.
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BrokenRugs
· 01-06 08:36
Uh... 0.05 to 0.17 is when they say the potential energy is fully released? I feel like it hasn't even started yet.
Let's wait until the support breaks before saying anything. Entering this kind of long trap now might just get you trapped.
$CC this wave of market movement is indeed worth caution. From 0.05 rising all the way to 0.17, a gain of more than three times has fully released the upward momentum. Now it looks a bit虚 (uncertain or虚虚的).
The signals on the daily chart are quite clear— the downtrend has already started, and the key support level is about to be broken. This is actually a good window for shorting.
Especially, a certain leading exchange's futures contracts haven't yet synchronized with the spot market, with liquidity集中 (concentrated) and volatility at its maximum. Using low leverage to lay in wait is quite reasonable from both technical and risk-reward perspectives. There's no need to rush at this point; waiting for confirmation of support breakdown before entering would be more prudent.