A $G 73% increase piled up on a $200 million trading volume looks exciting, but on-chain data won’t lie—big orders are selling while small orders are being picked up. This is a typical distribution structure. The top 100 addresses control 98.9%, and liquidity is as thin as paper. Such a market can be pushed up quickly, but it can also be dumped even faster. This is a news-driven move; once the news is digested, the fuel runs out.
Short directly at 0.0072–0.0075, stop-loss above 0.0086. First target: 0.0055. If it breaks, look at 0.0042. Bias is bearish—hold steady.
Short directly at 0.0072–0.0075, stop-loss above 0.0086. First target: 0.0055. If it breaks, look at 0.0042. Bias is bearish—hold steady.
