To be honest, during the accumulation phase, I choose to take a side and send it some orders—not to get swept up by emotions. This coin—$MELANIA —I’ve been watching for a while. Every time the news starts to heat up, the chart responds with a big bullish candle, followed immediately by a continued slide. This rebound today looks pretty convincing, but the volume structure is clearly off. During the upswing, the trading volume shrinks by more than one “level” compared to the down move. In my eyes, this kind of low-volume counter-rally is a textbook stop-hunt / hype-pullback maneuver.
Simply put, for assets that are just riding the heat of the moment, the money goes in fast and runs even faster. Without sustained accumulated liquidity as support, the price is basically an air castle.
I reviewed its recent rounds of price action, and the pattern is especially obvious—when it’s pumped, it relies on sentiment; when it’s dumped, it relies on inertia. After each spike, that bearish candle that follows has a particularly long real body, which shows that selling pressure is genuinely and unmistakably there. Now the market is back at this position again. Above, trapped sellers are piled up densely, and breaking through in the short term will be extremely difficult. My view is that this rebound most likely won’t last long. On the 4-hour timeframe, momentum has already begun to fade, and the RSI is hovering near the overbought zone. When you calculate the risk-to-reward ratio, the upside potential is clearly much less than the downside potential. With this kind of asymmetric odds, rational people know how to choose.
The market will never lean toward whoever has the loudest voice. In the end, price must return to supply and demand. So my stance is very clear: at this level, I’m not looking to go long. The rebound is an opportunity for those who want to reduce positions or just stay on the sidelines. Don’t let a brief burst of red candles get you carried away—wait until the tide goes out, and then you’ll see who was swimming naked.
Gaze at the vastness of the mountains and seas, and observe the subtle movements of the market.
Travel with Brother Xiong, and witness gains and losses under the sky.
#MELANIA
Click below to trade 👇
Simply put, for assets that are just riding the heat of the moment, the money goes in fast and runs even faster. Without sustained accumulated liquidity as support, the price is basically an air castle.
I reviewed its recent rounds of price action, and the pattern is especially obvious—when it’s pumped, it relies on sentiment; when it’s dumped, it relies on inertia. After each spike, that bearish candle that follows has a particularly long real body, which shows that selling pressure is genuinely and unmistakably there. Now the market is back at this position again. Above, trapped sellers are piled up densely, and breaking through in the short term will be extremely difficult. My view is that this rebound most likely won’t last long. On the 4-hour timeframe, momentum has already begun to fade, and the RSI is hovering near the overbought zone. When you calculate the risk-to-reward ratio, the upside potential is clearly much less than the downside potential. With this kind of asymmetric odds, rational people know how to choose.
The market will never lean toward whoever has the loudest voice. In the end, price must return to supply and demand. So my stance is very clear: at this level, I’m not looking to go long. The rebound is an opportunity for those who want to reduce positions or just stay on the sidelines. Don’t let a brief burst of red candles get you carried away—wait until the tide goes out, and then you’ll see who was swimming naked.
Gaze at the vastness of the mountains and seas, and observe the subtle movements of the market.
Travel with Brother Xiong, and witness gains and losses under the sky.
#MELANIA
Click below to trade 👇