This cryptocurrency's recent trend is quite interesting. From the 2nd to the 7th of the month, it experienced a continuous surge, doubling in value and appearing very vigorous. However, on the 8th and 9th, it suddenly started to decline, indicating a change in momentum. Today, there was a rebound with an increase of 21%, seeming like it is about to take off again, but there's a problem — the rebound has not yet broken through the previous high, and it has subsequently fallen back.

From a technical perspective, this looks more like a trap of a rebound. Large investors are dumping at high levels to shake out retail investors, then pulling back at low levels to absorb the supply — a common manipulation tactic. Since the previous high has not been effectively broken and the price continues to face downward pressure, the risk remains significant. If you want to participate in this trend, you should carefully consider the risk-to-reward ratio.