I am Hongcai. A piece of data made me suddenly awake: PIPPIN plummeted 21% in 4 hours, yet it has risen 5000 times since the beginning of the year. Is this giving you money, or preparing to take your money?
News
The contract trading volume is 900 million USD, while the spot market only has a pathetic 9.84 million. What does this mean? A 100-fold gap, all speculators are naked swimming and betting, with no real funds buying and holding. In the last 24 hours, nearly 2 million USD in long and short liquidations occurred; the market does not care whether you bet long or short, it only cares about devouring your principal. Could this be an opportunity?
Technical analysis
On the 4-hour chart, the price is barely gasping for breath around 0.417. The MACD seems to be about to golden cross below the zero axis, but a golden cross after a sharp drop is often a gentle trap. Key positions etched in your mind: 0.406 is the first ghost gate, 0.532 is the unattainable ceiling; below, 0.334 is the first fragile plank, and 0.256 is the deep pit that might catch you. At this moment, the narrow range of 0.393-0.406 is the meat grinder of bulls and bears.
My opinion
I conclude that PIPPIN is about to act out the classic script of 'Don't run, fellow townsman'. The weak golden cross below the zero axis is the most beautiful pie drawn by the main force for retail investors. They will quickly push it up to 0.40-0.42, igniting your fantasy of bottom fishing for wealth, then smash through the floor. Both paths lead to the abyss: either lure to rise then plummet directly to 0.33; or directly smash through 0.393, triggering a stampede.
The survival rules you must follow
For those with empty positions, watching the show is a virtue: don’t touch! Itching hands are a disease that can be fatal. If you really want to try, wait until it drops near 0.25, then gamble with the spare change you can afford to lose.
For holders, decisiveness is armor: if there is still profit, run immediately, don’t look back. If you're already trapped, a rebound to the 0.40-0.42 area is your last escape hatch.
Abandon all emotions; discipline is your only amulet in the slaughterhouse.
The most expensive tuition in the crypto world is paying in real money to hear others' stories of sudden wealth. When you see a 5000-fold increase, the story has long ended, and you might just be the one footing the bill for that story.
Tonight, the eye of the storm is at 0.393. Will you choose to watch from the shore, or will you rush into the fire? Think carefully before you act. In the market, the most important thing is not to predict every wave, but to ensure you're always on the boat. The tide of liquidity will eventually lift all true vessels of value. Pay attention to Hongcai and participate in every attack! Hongcai will announce specific entry times and real-time news every day at the Wealth God’s home!#加密市场观察 $pippin
