Many are looking at the recent C pump and thinking about longing. But on-chain data and the technical picture suggest the opposite: this is a classic bull trap. It's time to prepare a short.
📉 What the Data Says:
The asset has been in a sideways channel for over 300 days. Despite the hype around the AI narrative, the AI.C sector has hit resistance, and there is no fuel for further growth.
Most importantly — on-chain metrics. The average holding time is no more than 20 days. This means $C is used exclusively for short-term speculation, not for accumulation. Once the momentum fades, the dump begins.
🎯 Short Setup:
Idea: Short the bounce or a breakdown below local support. Target: return to the familiar range.
· Entry: Current levels $0.083–0.089 (from the upper channel boundary) or upon losing $0.080 support.
· Stop Loss (SL): $0.095 (breaking this zone invalidates the bearish scenario).
· Take Profit 1 (TP1): $0.056 (60% probability).
· Take Profit 2 (TP2): $0.049 (fall target).
· Risk/Reward Ratio: ~1:4 (excellent R:R).
⚠️ Why This Works:
The project's foundation is increasing selling pressure at the slightest price increase. Speculators who entered for the 20-day hold are already taking profits. Without an influx of real long-term holders (which don't exist), the price cannot hold up.
Action Plan: Don't chase the price for a long. Wait for confirmation of weakness and open a short with a tight stop. Targets — $0.056 and $0.049.
