Recently, the performance of MUSDT has been a textbook-level cliff dive — the momentum from the previous rebound from the bottom has completely dissipated. After reaching a high of $1.7450, the price accumulated a 10.29% increase over 30 days, seemingly full of bullish confidence. Who would have expected that the high would turn into a death zone?

Once the selling wave starts, it’s unstoppable. The price quickly broke through key support levels, plunging to a low of $1.5041. Although it later rebounded to $1.5899, the single-day decline was still a shocking 3.33%. Trading activity appears quite active — 24-hour trading volume exceeded 8.81 million USDT, with a trading volume of 5.4568 million. But what does this surge in volume indicate? Large funds are frantically fleeing, and all the gains accumulated earlier have been wiped out.

From a trading perspective, how should we view this situation? Never think about bottom fishing — that’s too risky. If you insist on betting on a short-term rebound, wait until the price recovers to the $1.6500-$1.7000 range before considering small positions, and only enter once the price stabilizes above the recent resistance levels.

The target setup is simple: short first at $1.5500, second at $1.5000. If the downtrend remains fierce with no signs of easing, $1.4800 is also very possible. Stop-loss is set at $1.7000; once this level is hit, the short-term downtrend is likely to reverse.

In short, this plunge is the result of profit-taking and panic selling working hand in hand. Although, from a longer-term perspective, the 7-day gain of 3.73% and the 180-day increase of 135.40% still show signs of prior bullish participation. But the immediate issue is that short-term selling pressure has clearly intensified. As long as the price doesn’t break below the $1.7000 stop-loss level, the bearish outlook remains unchanged. Friends looking to go long now face very high risks and should wait for clear signs of stabilization; those shorting shouldn’t chase highs or lows but wait for rebounds to resistance levels before acting, ensuring a more secure approach to profit from the downtrend.