JASMY surged to 0.009562 then experienced a violent pullback, which is a typical combination of a pump and dump with inertia-driven correction. Looking at the chart, there is a lack of effective support above; once the candlestick breaks below the moving average, it cannot regain footing, and the MACD also shows a clear death cross signal. The signs of trend reversal are already very clear.
The current price range is a good opportunity to enter short positions. Stop-loss can be set above 0.0096; if it is broken, it indicates that the rebound strength is beyond expectations, and you should exit decisively. The target range is between 0.0075 and 0.007.
The characteristics of this type of market are fast speed, clear direction, and a strong sense of rhythm. As long as the direction is judged correctly, the profit from decline can be quite substantial. But don’t be too greedy; once you see the target, you should act, and don’t insist on holding out for the last piece of meat.
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LiquidityWitch
· 01-08 15:54
The tactic of pushing up and then selling off is getting really old. This wave of JASMY is truly a textbook-level reversal. Even with a death cross appearing, are you still holding?
Honestly, the target of 0.0075 feels a bit aggressive. If it rebounds and hits the stop-loss, it would be really uncomfortable.
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SilentObserver
· 01-08 01:41
The tactic of pushing up to sell indeed is classic, but there are quite a few people daring to take the bait.
But speaking of which, setting the stop-loss at 0.0096 is a bit tight, making it easy to be washed out...
If this wave really drops to 0.007, it would be quite interesting. Let's see if we can catch some of this move.
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tx_pending_forever
· 01-07 23:09
Haha, it's another pump and dump. This routine is really worn out. JASMY is just this kind of coin.
Still not convinced by your dead cross theory. Last time, following this rhythm, I got stopped out immediately.
You think it can reach 0.007? I’d be surprised. Usually, these quick drops and rebounds are very fierce.
Not to mention, greed is quite a valid point. Taking profits when things look good can indeed help you last longer.
This market move is fast, but I still want to see if it can break through 0.0075. Should I wait and see?
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HodlKumamon
· 01-06 18:54
As soon as the death cross appears, I know something's going to happen; data doesn't lie. Stop loss at 0.0096, with a steady target, just see who can resist greed.
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ChainMelonWatcher
· 01-06 18:45
Raising the price to sell has been seen too many times. This wave of JASMY is indeed a bit risky. However, short positions should still be cautious, as there are also many cases of rebounds sweeping stop-loss orders.
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SurvivorshipBias
· 01-06 18:39
Raising the price to dump is an old trick, and every time someone falls for it, it proves it's just a way to cut leeks.
A death cross is a death cross; there's no need to make it so fancy. The key is whether it can hold the support.
With so many target levels set, why not just say it's going to the moon?
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WhaleSurfer
· 01-06 18:37
Here comes the same old trick of pushing up to sell off again. JASMY's recent move is indeed a bit aggressive. However, be cautious with short positions; if the rebound accelerates, it's easy to get stopped out.
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NFTRegretter
· 01-06 18:27
Raising the price to sell off is a common tactic. I'm just worried it might be another scythe turning back to cut the short sellers.
JASMY surged to 0.009562 then experienced a violent pullback, which is a typical combination of a pump and dump with inertia-driven correction. Looking at the chart, there is a lack of effective support above; once the candlestick breaks below the moving average, it cannot regain footing, and the MACD also shows a clear death cross signal. The signs of trend reversal are already very clear.
The current price range is a good opportunity to enter short positions. Stop-loss can be set above 0.0096; if it is broken, it indicates that the rebound strength is beyond expectations, and you should exit decisively. The target range is between 0.0075 and 0.007.
The characteristics of this type of market are fast speed, clear direction, and a strong sense of rhythm. As long as the direction is judged correctly, the profit from decline can be quite substantial. But don’t be too greedy; once you see the target, you should act, and don’t insist on holding out for the last piece of meat.