$T Yesterday, this surge looks very tempting. In just one day it jumped from 0.003693 to a high of 0.005816, with a maximum gain of over 33%. Trading volume immediately shot up to 423 million USDT, and funds rushed in疯狂 in the short term.
Just look at the indicators to see the problem: RSI (6) directly surged to 85.4, which is already severely overbought. In the earlier spike to around 0.006180, the indicators were in the same state. After the breakout, it then followed by a continuous pullback, trapping people.
#伊朗导弹无人机袭击科威特基地
For this kind of sudden high-volume surge from a low level, most of the time it’s short-term funds pumping up for distribution, not long-term investors entering to plan.
Now the price has fallen back to 0.004979. Above it, the region around 0.0056–0.0058 is where profit-taking sell pressure is concentrated.#山寨季何时到来？
This level is absolutely not suitable for chasing longs. If the rebound can’t push higher, it becomes an opportunity for short-term selling/shorting.
Once the heat from this wave fades, it’s easy for the price to drop back again into the initial breakout range around 0.0037.
If you’re trading these “pump-and-dump”/explosive breakout coins in the short term, don’t bet on it continuing to surge. When the main force starts distributing, you won’t even have time to run.
#伊朗导弹无人机袭击科威特基地 #Solana跌逾3%
Just look at the indicators to see the problem: RSI (6) directly surged to 85.4, which is already severely overbought. In the earlier spike to around 0.006180, the indicators were in the same state. After the breakout, it then followed by a continuous pullback, trapping people.
#伊朗导弹无人机袭击科威特基地
For this kind of sudden high-volume surge from a low level, most of the time it’s short-term funds pumping up for distribution, not long-term investors entering to plan.
Now the price has fallen back to 0.004979. Above it, the region around 0.0056–0.0058 is where profit-taking sell pressure is concentrated.#山寨季何时到来？
This level is absolutely not suitable for chasing longs. If the rebound can’t push higher, it becomes an opportunity for short-term selling/shorting.
Once the heat from this wave fades, it’s easy for the price to drop back again into the initial breakout range around 0.0037.
If you’re trading these “pump-and-dump”/explosive breakout coins in the short term, don’t bet on it continuing to surge. When the main force starts distributing, you won’t even have time to run.
#伊朗导弹无人机袭击科威特基地 #Solana跌逾3%
