TA has surged 30% in a short time, but now completely lacks follow-through momentum. The price is oscillating repeatedly around the 5-day line, unable to go up or down, trapped in a typical state of exhausted strength.
What's even more telling is the trading volume — it has been continuously shrinking since the high point, declining wave after wave. This indicates that the retail investors who followed the trend have been gradually escaping in batches, with only a few major funds left doing wash trades to maintain the market. Technical indicators validate this: MACD has long since crossed over and turned green, RSI has fallen in a straight line from the extreme high of 89 to 51, a typical manifestation of "running out of steam completely."
From the high of 0.04916 until now, there hasn't even been a respectable rebound structure formed, indicating that the pressure from trapped positions above is considerable. At the current price of 0.04575, what comes next? The technical picture has already provided the answer.
Retail investors got harvested again, this round of institutional players really played it smooth
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30% rapid surge and that's it? Classic pump-and-dump trap, now they've cut positions and run
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Shrinking trading volume says it all, institutional players were quietly reducing positions long ago
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MACD death cross, RSI plummeting straight down, isn't this a textbook market top?
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Stuck oscillating around the 5-day line repeatedly, basically just institutional players squeezing out the last drop of blood
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Can't bounce back from the highs until now? This resistance level is definitely dead weight
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Looking at this technical chart I already know what comes next, gonna get trapped again
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Institutional wash trading to maintain the market this move is really brilliant, retail investors still foolishly taking the bait
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Can't even form a retracement structure, trapped retail players above creating so much pressure, this looks bad
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Used up all the momentum in one go, perfectly describes it, now just waiting for the crash moment
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MEVHunterNoLoss
· 01-08 19:53
Retail investors are fleeing again, this rally is done for
Classic token harvesting rhythm—pump for chips, then wash trades to maintain. Laughable
RSI dropped straight from 89 to 51, that's literally the signal of whales cashing out
Waiting to see if it can break below 0.04500, if the bounce can't get higher we need to consider cutting losses
Volume has contracted so much, there's definitely more downside ahead
Whales are all playing wash trades while retail is still stupidly waiting for a bounce, pathetic
TA has surged 30% in a short time, but now completely lacks follow-through momentum. The price is oscillating repeatedly around the 5-day line, unable to go up or down, trapped in a typical state of exhausted strength.
What's even more telling is the trading volume — it has been continuously shrinking since the high point, declining wave after wave. This indicates that the retail investors who followed the trend have been gradually escaping in batches, with only a few major funds left doing wash trades to maintain the market. Technical indicators validate this: MACD has long since crossed over and turned green, RSI has fallen in a straight line from the extreme high of 89 to 51, a typical manifestation of "running out of steam completely."
From the high of 0.04916 until now, there hasn't even been a respectable rebound structure formed, indicating that the pressure from trapped positions above is considerable. At the current price of 0.04575, what comes next? The technical picture has already provided the answer.