ZKP this wave of market activity is quite interesting. A wick just appeared on the hourly chart, and the signs of distribution at the top are already very clear. Currently hanging at 0.168, looking upward, there are too many trapped positions at high levels.
From the daily chart, a double top pattern has already appeared, which is not a good sign. The project team clearly wants to transfer chips to the retail investors who are bullish, but the problem is that there is not enough buying power above to absorb these selling pressures. The market is just sitting like that.
If you're still hesitating about whether to enter the market, my advice is very straightforward—don't wait, go short at market price directly, no need to hesitate too much. This kind of situation usually has only one outcome.
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MEVSandwichVictim
· 19h ago
Wow, the double top has already appeared. What are you hesitating for?
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CryptoTarotReader
· 19h ago
The double top has already appeared. What are you hesitating for? Just go short directly.
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SerumSurfer
· 20h ago
The double top has already appeared, so what are you hesitating for? Just go short.
View OriginalReply0
ExpectationFarmer
· 20h ago
Once this top appears, it's over; retail investors are doomed to be the bagholders.
ZKP this wave of market activity is quite interesting. A wick just appeared on the hourly chart, and the signs of distribution at the top are already very clear. Currently hanging at 0.168, looking upward, there are too many trapped positions at high levels.
From the daily chart, a double top pattern has already appeared, which is not a good sign. The project team clearly wants to transfer chips to the retail investors who are bullish, but the problem is that there is not enough buying power above to absorb these selling pressures. The market is just sitting like that.
If you're still hesitating about whether to enter the market, my advice is very straightforward—don't wait, go short at market price directly, no need to hesitate too much. This kind of situation usually has only one outcome.