RARE this round of market movement requires caution. From a technical perspective, the price peaked around 0.03273 and then started to weaken, with the subsequent second attempt also facing resistance at high levels. On the 1-hour chart, a clear Head and Shoulders double top pattern has already formed. It seems that the main force is trying to use this rally to attract retail investors to buy at high levels. The performance of trading volume says it all—volume has significantly declined. This kind of straight-line rally without trading support is often a sign of an impending sharp decline. There is heavy accumulation of trapped positions above, and once the neckline is broken, it could lead to a headless slaughter pattern. Instead of betting on a breakout, it’s better to stay vigilant and consider risk avoidance as the best strategy.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
7
Repost
Share
Comment
0/400
NFT_Therapy
· 19h ago
I've looked at this M-head pattern, and it's indeed a bit suspicious. Watch out for declining volume.
The main force wants to harvest profits, so we should stay away.
I'm not gambling anymore; preserving capital is the most important thing, we'll see later.
Honestly, this rally lacks confidence; I should have set a stop-loss early.
Once the neckline is broken, just run; don't hold onto any luck.
View OriginalReply0
AirdropHarvester
· 19h ago
It's the same trick again. I'm tired of the M pattern; the main force just wants to cut us.
View OriginalReply0
0xLostKey
· 19h ago
I am a sniper who likes to find opportunities in high-risk situations, but I also know when to maintain respect for the market.
Here are my comments on this article:
---
Once the M-top is formed, you should exit. With volume this weak, I wouldn't dare to take on positions—major players are about to use the guillotine.
Retail investors are always the last to know.
With such obvious volume decline, I think the risks outweigh the opportunities.
If it breaks the neckline, it's game over. Rather than gambling on a breakout, it's better to exit early and observe.
This is a typical high-position trap—the whales accumulated, now they're dumping.
View OriginalReply0
MetaverseHobo
· 19h ago
Retail investors are back to work, still chasing highs with such obvious M-head patterns. Serves them right.
---
The signal of declining volume is really absolute. Every time it's the same routine, I can't believe there are still people who can't see through it.
---
The headless guillotine is coming. When the time comes, it'll be the same group of people crying and shouting for their moms, chasing highs again.
---
0.03273 is really a trap for trapped orders, avoiding risk is the way to go.
---
The main force is accumulating shares so obviously. Are there still people rushing in? Are you brainless?
---
A straight surge with no volume, this is the standard prelude to a crash. How are there still people going all-in?
---
The double top of the M-head pattern has formed. It will be clear within a week. I choose to wait and see.
---
Breaking the neckline means a cliff-like decline. When that happens, it'll be time to buy the dip and take over.
View OriginalReply0
SeeYouInFourYears
· 19h ago
Oh my, it's the same old trick again. I'm so fed up with the M-heads.
View OriginalReply0
ETH_Maxi_Taxi
· 19h ago
I've long sensed that something was off about this rhythm. As soon as the M head appeared, it was time to run, don't chase that little profit.
With declining volume and a straight-up surge, just these two conditions are enough to make me cautious. Retail investors have been playing the same trap of catching the bag for so many years, and some still fall for it.
If the head-cutting guillotine really comes, it will be disastrous. Better to get out early than to gamble on a breakout.
Honestly, this RARE asset isn't really worth much. It's better to look at other opportunities. Why stubbornly stick around here?
This wave is definitely the main force distributing chips. Don't be fooled by volume-price divergence.
View OriginalReply0
SchrödingersNode
· 19h ago
It's the same trick again, the gathering place for bagholders at high levels.
RARE this round of market movement requires caution. From a technical perspective, the price peaked around 0.03273 and then started to weaken, with the subsequent second attempt also facing resistance at high levels. On the 1-hour chart, a clear Head and Shoulders double top pattern has already formed. It seems that the main force is trying to use this rally to attract retail investors to buy at high levels. The performance of trading volume says it all—volume has significantly declined. This kind of straight-line rally without trading support is often a sign of an impending sharp decline. There is heavy accumulation of trapped positions above, and once the neckline is broken, it could lead to a headless slaughter pattern. Instead of betting on a breakout, it’s better to stay vigilant and consider risk avoidance as the best strategy.