Warning of a sharp decline! The FLOKS whale sold 500,000 USD in a frenzy, and will continue to dump tonight? Where is the support? A quick survival guide for beginners!

Brothers, Hongcai is urgently monitoring the market! Just discovered a major piece of news: in the past hour, nearly 94,000 FLOKS (about 540,000 USD) were dumped into CEX by a whale, and there is also a wallet holding 720,000 USD worth of goods waiting to be sold! This is obviously a signal for a potential exit, and the news is overwhelmingly negative, creating significant pressure on the market tonight!

From a technical perspective, the 1-hour K-line has broken the key level of 5.58 and is currently struggling around 5.12. There is heavy resistance above, especially at 6.23, which has become the “ghost gate” for rebounds. The support below is seen at 4.6, with strong support at 3.8. If it breaks down through 4.6 with increased volume, it is likely to test the strong support below.

MACD and RSI are both weak, and capital outflow is evident, with short-term sentiment leaning bearish.

Hongcai's view: The probability of continuing to fall tonight is relatively high! The whale's selling pressure has not yet ended, and the technical indicators have not stabilized at key levels, so do not rush to buy the dip. If it breaks below 5.0, the next observation point will be whether the 4.6 support can hold.

What should players do?

Veterans: Stay on the sidelines. If the rebound does not exceed 5.58, consider shorting with a small position. If it drops to around 4.6 and shows signs of halting the decline, then consider buying in batches.

Beginners: Don't rush to buy the dip! The market is unstable; it is better to miss out than to make mistakes. If you really want to play, just place a small order around the strong support of 3.8, and cut losses if it falls below 3.5—don't hold on!

Remember: Surviving in a bear market is essential to wait for a bull market! Follow Hongcai, let's monitor the market together and avoid pitfalls, and stay steady without being reckless!

A decline is not the end but a test of your understanding and discipline. Only those who can remain calm in panic can seize the next wave of surges. Follow Hongcai and participate in every offensive by Hongcai! Hongcai will announce specific entry times and real-time news in the chat room every day! #加密市场观察