I recently saw a small coin experience a 40% increase during lunchtime, and many people's eyes widened. But I want to remind everyone—behind the beautiful candlestick charts, there are often trap setups for those who entered earlier.
From the data, this 40.85% 24-hour increase is indeed impressive, but the problem lies in the long upper shadow reaching 0.003102 on the daily chart. This is not just a technical pattern; it actually records the process of those who surged earlier getting trapped. This detail is crucial—it indicates significant selling pressure at higher prices.
Currently, the 15-minute chart is hovering around 0.0018, which looks like temporary support, but the crossover state between MA(7) and MA(25) suggests that the bulls and bears are still in a tug-of-war. It's hard to determine who will gain the upper hand in the short term.
A few tips for beginners: First, don't chase high. Above 0.0020 is basically an opportunity for big players to unload. Second, if you want to participate, setting your buy orders around 0.0016 is more stable, as this is the true structural support. Lastly, and most importantly—set a stop-loss; do not let it break below 0.0015.
Opportunities in the crypto world are never lacking; what’s missing is the capital to survive. Take a few calm minutes, instead of rushing to make quick multiples and then losing everything—being more rational is smarter.
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WalletDivorcer
· 7h ago
It's the same old story. I've memorized the long upper shadow pattern, but it's still the same old trick to cut the leeks.
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GhostChainLoyalist
· 7h ago
Another 40% bait, same old trick. Last time, I got cut for 3,000 bucks doing this.
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FadCatcher
· 7h ago
It's the same trick again, a long upper shadow is just a tactic. I've fallen for it more than once, haha.
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LostBetweenChains
· 8h ago
It's the same old story, with long upper shadows that look like antennas. I knew it was another scheme to cut the chives. Those 40% gains are really tempting, but before getting itchy, take a look at how many brains you have left.
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MEVHunter_9000
· 8h ago
It's the same old story again: long upper shadows, selling pressure, getting out of a position... I'm tired of hearing it all. The real question is, how many actually listen? I see everyone chasing that 0.0020, and when they're trapped, they come back crying poverty.
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RugDocScientist
· 8h ago
It's the same story again. As soon as there's a long upper shadow, the story starts. I feel like I say this every time, and then it still drops when it's supposed to.
I recently saw a small coin experience a 40% increase during lunchtime, and many people's eyes widened. But I want to remind everyone—behind the beautiful candlestick charts, there are often trap setups for those who entered earlier.
From the data, this 40.85% 24-hour increase is indeed impressive, but the problem lies in the long upper shadow reaching 0.003102 on the daily chart. This is not just a technical pattern; it actually records the process of those who surged earlier getting trapped. This detail is crucial—it indicates significant selling pressure at higher prices.
Currently, the 15-minute chart is hovering around 0.0018, which looks like temporary support, but the crossover state between MA(7) and MA(25) suggests that the bulls and bears are still in a tug-of-war. It's hard to determine who will gain the upper hand in the short term.
A few tips for beginners: First, don't chase high. Above 0.0020 is basically an opportunity for big players to unload. Second, if you want to participate, setting your buy orders around 0.0016 is more stable, as this is the true structural support. Lastly, and most importantly—set a stop-loss; do not let it break below 0.0015.
Opportunities in the crypto world are never lacking; what’s missing is the capital to survive. Take a few calm minutes, instead of rushing to make quick multiples and then losing everything—being more rational is smarter.