JASMY clearly encountered a cold reception at the 0.01019 level, and subsequently even failed to hold the support at 0.0095, a typical pattern of rising sharply and then falling back. From a technical perspective, the RSI has already surged to the 62 range, indicating an overbought condition, with a large amount of profit-taking orders stacked below and watching closely. The MACD red bars are about to diminish, showing that the bullish momentum is clearly insufficient for further push. The most alarming aspect is the trading volume—during the rally, very few follow the trend. Such a volume-less rise is often a one-sided show by the market maker, and once reversed, it can accelerate the decline. The current price is around 0.009288. If bearish, the opportunity may be fleeting; going short at market price might be a more direct choice.
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BearHugger
· 1h ago
Same old trick, the market makers are pushing the price up but no one is following, this is really outrageous
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Massive increase with no volume? Uh, isn't this just waiting for a dump?
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RSI is already at 62 and still not selling, really tired of this
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Support levels are collapsing one after another, this coin is really pointless
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Institutions are playing single-player games, retail investors are still waiting foolishly
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The shorting opportunity window is indeed narrow, but I’ll still wait and see
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So many profit-taking orders stacked below, sooner or later they will be cut
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With such poor volume, who dares to take the buy?
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0.009288 is really not attractive, keep falling
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A typical fake-out, if it can't break the previous high, it's a reversal signal
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OfflineValidator
· 01-09 03:55
The massive surge is like this—just a poke and it breaks. I saw it coming a long time ago.
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RektRecorder
· 01-09 03:52
It's the familiar pattern again—massive upward movement followed by a sharp sell-off. The manipulation by the big players is too obvious.
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JASMY this thing has long been warning signs. RSI has already reached 62, and you're still willing to buy in?
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Whether you're bullish or bearish, the key is the lack of trading volume. This is a scam.
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Feels like it still needs to fall. With so much profit-taking, how can it possibly go higher?
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Go short directly? I think it's better to wait for a lower level before acting. No need to rush.
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An increase with no volume will inevitably lead to a decrease with no volume—that's the iron law, brother.
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The MACD red histogram is about to disappear. The bulls are exhausted. It's time to clear your positions, everyone.
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MetaMisery
· 01-09 03:52
It's the same old trick, buy high and sell, is the dealer dancing alone here?
JASMY clearly encountered a cold reception at the 0.01019 level, and subsequently even failed to hold the support at 0.0095, a typical pattern of rising sharply and then falling back. From a technical perspective, the RSI has already surged to the 62 range, indicating an overbought condition, with a large amount of profit-taking orders stacked below and watching closely. The MACD red bars are about to diminish, showing that the bullish momentum is clearly insufficient for further push. The most alarming aspect is the trading volume—during the rally, very few follow the trend. Such a volume-less rise is often a one-sided show by the market maker, and once reversed, it can accelerate the decline. The current price is around 0.009288. If bearish, the opportunity may be fleeting; going short at market price might be a more direct choice.