Recently, I've been watching this coin's trend, and the technical aspect has indeed weakened across the board.
From a multi-timeframe perspective, the moving average sell signals are quite strong, and the RSI(14) is now only 26.8, approaching the oversold boundary. Although oversold conditions can easily trigger a technical rebound, the overall main tone remains firmly controlled by the bears, making it hard to be optimistic.
If you want to trade contracts, the core idea is to follow the trend. Using rebounds to short is a safer choice, and avoid trying to catch the bottom on the left side. Meme coins are inherently volatile, and a slight mistake can easily lead to being pierced through.
Pay close attention to the dense moving average area above, especially around 0.00031085. These levels often form strong resistance. Once the price rebounds to this vicinity, it presents a relatively ideal shorting opportunity.
But no matter how you operate, stop-losses must be set, and don’t over-leverage your position. Contract risks are always present, so good risk management is the key to long-term success.
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SchrodingerPrivateKey
· 20h ago
The 26.8 RSI is really crazy, but I still think those who buy at the bottom on the left side will suffer a lot. Meme coins are unreasonable.
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RektCoaster
· 20h ago
Hey, RSI is already at 26, and you still want a rebound? I think it needs to drop a bit more before bouncing back.
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LiquidationWatcher
· 20h ago
Wait, RSI is only 26.8, and you're still daring to rebound and short? This wave is easily trapped and killed.
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WalletDoomsDay
· 20h ago
That's right, this wave is indeed dominated by bears, and they will smash during the rebound.
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PanicSeller69
· 20h ago
Rebound and then crash, I'm tired of this routine already
Recently, I've been watching this coin's trend, and the technical aspect has indeed weakened across the board.
From a multi-timeframe perspective, the moving average sell signals are quite strong, and the RSI(14) is now only 26.8, approaching the oversold boundary. Although oversold conditions can easily trigger a technical rebound, the overall main tone remains firmly controlled by the bears, making it hard to be optimistic.
If you want to trade contracts, the core idea is to follow the trend. Using rebounds to short is a safer choice, and avoid trying to catch the bottom on the left side. Meme coins are inherently volatile, and a slight mistake can easily lead to being pierced through.
Pay close attention to the dense moving average area above, especially around 0.00031085. These levels often form strong resistance. Once the price rebounds to this vicinity, it presents a relatively ideal shorting opportunity.
But no matter how you operate, stop-losses must be set, and don’t over-leverage your position. Contract risks are always present, so good risk management is the key to long-term success.