Hello everyone, I am Qi He. A senior analyst who has been through ups and downs in the cryptocurrency circle, just wanting to share the market trends with you. I just looked at PIPIN’s chart, and many fans in the background asked me: 'Qi He, the 4-hour chart looks good, and the MACD has a golden cross. Is it going to rise above 0.4 tonight?'
News aspect:
Information explosion directly determines the life and death attributes of this coin:
Insiders control 80%, valued at nearly $400 million! What does this mean? The chips are highly concentrated, and price fluctuations completely depend on the mood of this small group. In the last 2 hours, it plummeted by 30%, and the news clearly used the term 'suspected net collection.' What does 'net collection' mean? The fish has been fattened, it's time to catch it! 16 new suspicious wallets have been added, and their operating patterns are consistent. This is likely the main force dispersing chips to prepare for the next action.
Technical Analysis:
Let's first look at that 4-hour candlestick chart; isn't it quite beautiful?
The trend is upward, the price is 0.374, which has risen over 6 points. The MACD has a golden cross above the zero axis; according to the textbook, this is a signal to continue rising. The upper resistance level is clearly visible at 0.409, then at 0.48. Many people must be thinking right now: 'Let's shoot up and make some quick money!' If I only look at the chart, I would also think, after a pullback, isn't it time to test the resistance level at 0.4? This idea is reasonable.
What should players do now?
For heavy positions: reduce positions! This is not technical analysis; it's a survival rule. In the face of the huge uncertainty of a potential 'net collection', preserving the principal is the top priority. Don't bet on 'what if it goes up again'; the dealer's cost might be lower than you can imagine.
For those with light positions wanting to speculate, set a stop loss! If you must participate, be sure to set the stop loss below the key support level, and keep your position light enough that you won't regret the loss.
Qihe's personal opinion:
Tonight's volatility will be very intense, but the direction may not be as simple as you think. With so many chips in the dealer's hands, the term 'net collection' is not written for nothing. The rise is for better distribution. Judging from this 4-hour chart and the MACD golden cross, I think it's too naive to assume it can strongly break through 0.4.
The upper area of 0.394-0.409 is strong resistance; if it can't get past here, you need to be cautious. The lower 0.33 is a key level; tonight's focus should be on whether it can hold here. If 0.33 can't hold, the next target may be the bottom support at 0.27. Don't think it's far; in such a heavily controlled coin, a 30% drop can happen in an instant.
I am Qihe from the crypto circle, give me a follow, and I'll teach you how to catch this wave of market trends to eat the whole fish! If you don't know how to time your entries, I will analyze in real-time in the village and provide the best current entry points. Follow Qihe, + chat room, to help you avoid pitfalls, and I'll break down subsequent capital trends at the first moment to seize every profitable window!
