Currently, $Useless has also stretched nearly 700% from the bottom.
It has reached around the strongest daily resistance level at 0.3 and started consolidating at high levels.
From the on-chain whale activity and project-related addresses, it has already begun cashing out, and the price, like Marscoin, has been oscillating at high levels.
Obviously, this wave is the market maker luring long positions at the top; once enough liquidity has been absorbed, the probability of a dump will be very high.
Therefore, chasing this kind of Meme higher again offers a very unfavorable risk-reward ratio.
The market maker has already rotated the holdings at high levels; if you dare to enter, then congratulations, you will once again become the fuel and cannon fodder.
To prevent the project team from making moves like pumping first and then dumping, a more conservative approach is to place limit orders to short.
Personally, I am more optimistic about the entry range: place limit short orders at 0.27-0.275.
The target for this wave should at least be able to capture a big move.
It has reached around the strongest daily resistance level at 0.3 and started consolidating at high levels.
From the on-chain whale activity and project-related addresses, it has already begun cashing out, and the price, like Marscoin, has been oscillating at high levels.
Obviously, this wave is the market maker luring long positions at the top; once enough liquidity has been absorbed, the probability of a dump will be very high.
Therefore, chasing this kind of Meme higher again offers a very unfavorable risk-reward ratio.
The market maker has already rotated the holdings at high levels; if you dare to enter, then congratulations, you will once again become the fuel and cannon fodder.
To prevent the project team from making moves like pumping first and then dumping, a more conservative approach is to place limit orders to short.
Personally, I am more optimistic about the entry range: place limit short orders at 0.27-0.275.
The target for this wave should at least be able to capture a big move.