$MET has already reached its original listing price—and you still dare to chase longs?
Guys, the coin at the top of today’s gainers list has risen for three straight days and has now reached its listing price. There’s no overhead supply from trapped holders, but that’s exactly why early long positions, market makers, and whales are all waiting at this level to sell and cash out.
Chasing longs here is like trying to catch a falling knife.
Altcoin sentiment also largely follows the major coins. The broader market is weakening across the board, so the fact that this coin has rallied so high is already a surprise. This kind of divergence is often a sign of a top.
So my plan is straightforward:
Enter a short position around 0.53 and lie in wait, with 0.44 as the first target.
If you’re still hesitating or unsure which way to go, come chat with us in the chatroom: #币安推出BinanceIntelligence
Guys, the coin at the top of today’s gainers list has risen for three straight days and has now reached its listing price. There’s no overhead supply from trapped holders, but that’s exactly why early long positions, market makers, and whales are all waiting at this level to sell and cash out.
Chasing longs here is like trying to catch a falling knife.
Altcoin sentiment also largely follows the major coins. The broader market is weakening across the board, so the fact that this coin has rallied so high is already a surprise. This kind of divergence is often a sign of a top.
So my plan is straightforward:
Enter a short position around 0.53 and lie in wait, with 0.44 as the first target.
If you’re still hesitating or unsure which way to go, come chat with us in the chatroom: #币安推出BinanceIntelligence