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The more it looks like "not yet finished rising," the more likely it has already reached the end—fart now resembles a classic shorting structure.
My plan remains clear: look for opportunities to short around $0.17.
This time, it's not just emotional judgment but also technical resonance 👇
1️⃣ Clear resistance level (around $0.17)
Previous high + dense trading zone overlap, making this a natural strong resistance area. Every time the price approaches, volume increases but it can't break through effectively, a typical "weak upward attack."
2️⃣ Weakening structure (high-level consolidation = distribution)
The upward trend has shifted from "single-sided rally" to "high-level oscillation," with candlesticks starting to shrink and pin bars appearing. This is a common rhythm for major players gradually distributing chips.
3️⃣ Divergence in indicators (decaying momentum)
MACD gradually flattens or shows signs of a death cross, RSI pulls back from high levels—price hits new highs, but momentum doesn't follow, a classic top divergence signal.
4️⃣ Capital sentiment begins to reverse
Retail investors FOMO buying at high levels, while major players prefer to release liquidity at resistance levels, completing chip transfer.
⚠️ Risk points:
If volume breaks through $0.17 effectively and stabilizes, it indicates trend continuation rather than a false breakout. Short positions should be stopped out decisively.
So the question is:
Are you seeing "pre-breakout buildup" or "oscillation before distribution"? #Gate广场四月发帖挑战 $ETH