The on-chain first Chinese Meme token's spot trading has indeed attracted quite a bit of market attention after its launch. As the leading narrative in the Meme sector, it is gradually consolidating its market position.

FOMO sentiment in the community is quite strong—many are expecting it to become a kind of asset that can bring substantial returns. Mysterious funds are also continuously entering, further boosting market enthusiasm. Interestingly, the behind-the-scenes whales have accumulated large short positions, and if unrealized losses continue to grow, it could trigger intense volatility in the future. Both short-term selling pressure and short covering will become market focal points.

From a technical perspective, the current price is around 0.1707 USDT. Support is set at 0.1376 (about 18.64% below), and resistance at 0.175 (about 3.47% above). The technical pattern supports a long strategy, and buying on dips is a viable approach.

However, to be honest—trading under such high volatility is essentially a high-risk, high-reward game. The market changes rapidly, and investors must have a clear understanding of the potential risks. Don’t let FOMO cloud your judgment. Rationally assessing your risk tolerance is key to long-term survival.