$USELESS Fortunately, I managed to talk them out of it yesterday. For the fans who wanted to go long at 0.32—otherwise, you’d really feel awful right now 🤣🤣
After USELESS surged to a new high yesterday, some fans immediately asked me whether they should keep chasing longs.
My answer was very clear: Don’t chase. The more violently it rises at this point, the more you need to be careful about the heavy sell pressure near the top.
So what happened? After it hit a new high, it immediately turned around, and the price kept dropping—straight down from around 0.32 to the current 0.23. In just one day, it retraced that much.
And this Meme sell-off really is brutal. The USELESS open interest has already shrunk by 30%. The selloff is accompanied by increased volume—clearly, profit-taking is starting to cash out. The stronger the pump earlier, the harder it gets dumped now.
In fact, the quick pullback right after the new high yesterday was a very obvious signal: there’s simply too much sell pressure overhead!
That’s why I kept telling everyone not to rush in—especially for a Meme that has just broken to a new high. What you fear most is that you just chase in, and then the main force turns around and gives you a lesson.
And this time, the market verified it again.
It’s not that I don’t want you to go long—it’s just that this level isn’t worth catching the last baton. Opportunities come every day. There’s no need to take on such a huge drawdown just to chase this little run 🔥
$PONS $SNDK #伊朗称已准备升级对美战争 #ZCSH资产规模突破5亿美元
After USELESS surged to a new high yesterday, some fans immediately asked me whether they should keep chasing longs.
My answer was very clear: Don’t chase. The more violently it rises at this point, the more you need to be careful about the heavy sell pressure near the top.
So what happened? After it hit a new high, it immediately turned around, and the price kept dropping—straight down from around 0.32 to the current 0.23. In just one day, it retraced that much.
And this Meme sell-off really is brutal. The USELESS open interest has already shrunk by 30%. The selloff is accompanied by increased volume—clearly, profit-taking is starting to cash out. The stronger the pump earlier, the harder it gets dumped now.
In fact, the quick pullback right after the new high yesterday was a very obvious signal: there’s simply too much sell pressure overhead!
That’s why I kept telling everyone not to rush in—especially for a Meme that has just broken to a new high. What you fear most is that you just chase in, and then the main force turns around and gives you a lesson.
And this time, the market verified it again.
It’s not that I don’t want you to go long—it’s just that this level isn’t worth catching the last baton. Opportunities come every day. There’s no need to take on such a huge drawdown just to chase this little run 🔥
$PONS $SNDK #伊朗称已准备升级对美战争 #ZCSH资产规模突破5亿美元
