Friends, I am Bai Yue. Just now, something big happened in the market! A Meme coin has stirred anxiety among traders; let's look at the chart for details.
News: It's not retail investors playing; it's 'whales' hunting.
According to the popular Meme coin FARTCOIN on the Solana chain, it plummeted more than 8% in a short period, briefly breaking below $0.29. This drop was severe, directly causing nearly an hour's worth of long positions across the network to be liquidated, with Hyperliquid accounting for nearly 40% of the liquidations on its platform!
But the most explosive news is yet to come! The main force behind this 'big short' has been revealed. A giant whale address has been continuously closing positions over the past hour, with unrealized profits on FARTCOIN reaching as high as $1.75 million and a return rate of 226%! And that's not all; their total position size approaches $174 million. Even more alarming is that monitoring agencies suspect this address belongs to a crypto team of a traditional asset management company, Fasanara Capital, which manages $35 billion in assets.
Bai Yue believes that this is not a mutual destruction among us small retail investors, but rather professionals and traditional financial giants with massive funds taking advantage of their capital and information advantages to conduct precise 'arbitrage hunting' in the crypto market. They are making a fortune and are now retreating, leaving behind chaos.
Technical aspect: Has it dropped to the right level? It's clear at a glance from the chart.
The price has now crashed to the 'target support' marked in the chart near $0.2865. From the candlestick chart, the downward momentum is very strong, having fallen directly from a consolidation range.
Looking at the technical indicators below, the yellow and white lines form a 'death cross' below the zero axis, which is a typical bearish signal, confirming a downward trend. However! Please pay attention, the indicator area has already entered the 'oversold' zone.
Bai Yue believes it's 'oversold', and the short-term downward momentum has been released quite violently, just like a rubber band pulled too tight, ready for a rebound at any moment. The pressure levels above are very clear: 0.3150 (key level), 0.3600 (strong rebound pressure). The support below is 0.2865 and further down at 0.2160.
What should retail investors do? (Operational advice is only half; if you want to know specific points, come find me.)
For friends holding positions in loss: If your position is not heavy, this position is absolutely not suitable for cutting losses. Because you might sell at a temporary low. Be patient and wait for a rebound, observe the strength of the rebound.
For friends who want to enter the market while holding cash:
Aggressive: You can take a light position near this support level between 0.2850-0.2900 for a rebound, and strictly set the stop loss below the support level.
Conservative: The best choice is to continue observing. Don't rush to catch the bottom. Wait for the market to give a clearer signal. For example, either wait for it to effectively stabilize above the key level of 0.3150, where the trend may ease;
Where exactly to enter the market, and where is the safest stop loss? Bai Yue's village has already provided reminders. If you want to follow, become a villager of Bai Yue!
Bai Yue's personal opinion
Medium-term trend is bearish: Whales have taken profits, and many long positions have been liquidated. This financial blow, combined with the technical breakdown of the death cross, means that bearish forces are dominant, and the medium-term trend has weakened. It is extremely difficult to immediately reverse in a V-shape towards the previous high. There are short-term gaming opportunities: the price has just hit a key support level, and the technical indicators are oversold. It is very likely that it won't break down immediately, and both bulls and bears will have a fierce contest. Therefore, a technical rebound may likely occur in the short term to test the upper pressure levels of 0.3150 or even 0.36.
If you don't know how to time the market, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry points. Retail investors should 'patiently wait for opportunities and act accurately and steadily.' Follow Bai Yue to receive daily shared real-time strategies and stop-loss guidelines!
