The truth behind the market: the 'ECG market' with exhausted liquidity, is the dog dealer still around?
Take a look at the 4-hour K-line of PIPPPIN, it looks like a flat ECG:
The price is stuck at 0.396-0.40, unable to break through 0.4 → It's like there’s an 'iron top' above, getting smashed down every time it gets close!
Transaction volume continues to shrink, almost forming a straight line → No one is playing in the market, and liquidity is quickly drying up!
Historical review: Last time it was pulled to 0.5, it directly 'chopped' the market → Classic dog dealer technique, pull high and run!
Xinying bluntly said:
This is not a fluctuation; this is a 'zombie market'! After the dog dealer pulled it to 0.5, they probably withdrew most of the funds, leaving an empty shell in the market, occasionally reversing a few times to maintain the heat. No volume, no volatility, no breakthrough—three no products, dangerous signals!
Technical analysis: The key level has become a 'line drawing game', retail investors should not get too excited!
Although there are various pressure and support lines on the chart, under this liquidity, technical indicators basically become ineffective:
0.4 is a psychological barrier + strong resistance from previous highs, if it can't go up, it's not a technical issue, it's that there are no funds willing to buy with real money!
There is no clear support below, and once it falls, it may slide directly to 0.35 or even 0.3.
Indicators like RSI, MACD are meaningless under low volume, a small order from the market maker can draw lines.
Xin Ying's view:
Do not obsess over the analysis of 'resistance levels and support levels'! In this kind of low liquidity small coins, all lines are drawn by market makers for you to see. A real big market must be accompanied by volume, and now – the volume has already explained everything: the market does not recognize it, and funds are not entering.
Retail survival guide: Two types of people, two ways of living, find your place!
If you are a 'short-term sniper' (high-risk player):
Only test long positions with light holdings when breaking through 0.41 with volume, stop loss at 0.395, target at 0.45.
If it breaks below 0.39, you can test short positions with light holdings, stop loss at 0.401, target at 0.35.
Remember: Position size should not exceed 5%, take profits and run, don’t get attached to the battle!
If you are a beginner or a retail investor (recommended for most people):
Watch the show! Watch the show! Watch the show! Entering this market is just a gamble on size, nine out of ten bets lose.
If you really want to play, wait for two signals:
A breakthrough above 0.41 with strong volume indicates that funds are re-entering the market.
When it drops below 0.35, panic selling occurs, then go pick up cheap chips.
Otherwise, never touch low liquidity small coins, that's a bloody lesson!
Xin Ying's summary: Better to miss out than to make a mistake! In the market maker's chess game, don’t be a pawn.
PIPPPIN is currently in the 'market makers rest, market observes' garbage time.
There are basically three types of market trends:
Continue to fluctuate between 0.39-0.4 until completely forgotten.
A sudden volume breakthrough above 0.41 might indicate a new story beginning (low probability).
A downward trend with further depletion of liquidity, becoming a candidate for 'zero-value coins'.
Remember this saying from Xin Ying: In the cryptocurrency circle, not losing money already puts you ahead of 90% of people. This kind of clearly marked low liquidity coin is just waiting for you to get overly invested!
I am Xin Ying, only speaking the truth, not making big promises.
In a bull market, often ambush mainstream, in a bear market, observe and learn more, it’s better to touch these small coins less!#加密市场观察
