【When FNG touched 71+, my first reaction was that my hand, reaching for my wallet, was trembling】
In September 2017, NEO did a three-days-three-times run. At the time, every group chat was full of “This time it’s different” and “the blockchain revolution.” When FNG got to around 80, everyone thought the air force was completely wiped out. So what happened next? For a full three months it bled downward, cutting everyone who had chased the rally.
Now with PUMP on it, I see the exact same shadow.
Yesterday’s CoinDesk headline: Dogecoin, along with the broader market rebound, forced the $ 844 million shorts to get liquidated. This kind of violent stop-out is a catalyst for price action—it doesn’t cure the root problem; it just lights the up pent-up long sentiment. After the stimulant wears off, people will still feel uneasy.
FNG is at 71, with the weekly average only at 66—meaning the market is now greedier than the average of the past week by another notch. But what about PUMP itself? In seven days it’s up 9.3%; in the past 24 hours it’s down 11.1%.
What’s that called? “The market is still high, but it’s all you, you’re the one getting scared first.”
Bigger volume is a signal, but there are two kinds of volume expansion: one is bargain-hunting capital stepping in, the other is the market maker running away. Since PUMP is down 54% from ATH, this is theoretically a value zone—but the problem is—
Altcoins talk about value, mostly just putting golden stickers on their own faces.
The real logic is: who’s catching this falling knife? Do retail traders think it’s cheap and start bottom-fishing? Or is the project team coordinating with the market maker to unload inventory? No one knows. But that’s exactly what makes it dangerous—you don’t know who the counterparty is, and when you don’t know, the best move is not to get in.
Where are the support levels? I won’t give exact numbers, but I’ll tell you the mood: if $ 0.0040 can’t be held, then $ 0.0035—people will be waiting there to scoop. If it breaks that level, it won’t be technical analysis anymore; it’ll be sentiment panic, like how “value coins” fell back in 2017.
My current state: I’m itchy, sure—but with a chart like this for PUMP, what makes me feel solid is that I have no position. I’m on the sidelines watching the show. Comfortable.
What’s everyone’s mindset right now? Dare you to enter this PUMP move? Or are you also waiting to see it break support?
In September 2017, NEO did a three-days-three-times run. At the time, every group chat was full of “This time it’s different” and “the blockchain revolution.” When FNG got to around 80, everyone thought the air force was completely wiped out. So what happened next? For a full three months it bled downward, cutting everyone who had chased the rally.
Now with PUMP on it, I see the exact same shadow.
Yesterday’s CoinDesk headline: Dogecoin, along with the broader market rebound, forced the $ 844 million shorts to get liquidated. This kind of violent stop-out is a catalyst for price action—it doesn’t cure the root problem; it just lights the up pent-up long sentiment. After the stimulant wears off, people will still feel uneasy.
FNG is at 71, with the weekly average only at 66—meaning the market is now greedier than the average of the past week by another notch. But what about PUMP itself? In seven days it’s up 9.3%; in the past 24 hours it’s down 11.1%.
What’s that called? “The market is still high, but it’s all you, you’re the one getting scared first.”
Bigger volume is a signal, but there are two kinds of volume expansion: one is bargain-hunting capital stepping in, the other is the market maker running away. Since PUMP is down 54% from ATH, this is theoretically a value zone—but the problem is—
Altcoins talk about value, mostly just putting golden stickers on their own faces.
The real logic is: who’s catching this falling knife? Do retail traders think it’s cheap and start bottom-fishing? Or is the project team coordinating with the market maker to unload inventory? No one knows. But that’s exactly what makes it dangerous—you don’t know who the counterparty is, and when you don’t know, the best move is not to get in.
Where are the support levels? I won’t give exact numbers, but I’ll tell you the mood: if $ 0.0040 can’t be held, then $ 0.0035—people will be waiting there to scoop. If it breaks that level, it won’t be technical analysis anymore; it’ll be sentiment panic, like how “value coins” fell back in 2017.
My current state: I’m itchy, sure—but with a chart like this for PUMP, what makes me feel solid is that I have no position. I’m on the sidelines watching the show. Comfortable.
What’s everyone’s mindset right now? Dare you to enter this PUMP move? Or are you also waiting to see it break support?