Message surface: The short 'whale' is making trouble, becoming a contrary indicator!
The second chart reveals explosive news: A certain ZEC short big player (also a MON short) has recently increased their MON short position by 1,200,000 dollars, with an average price of 0.0369, previously losing as much as 1,300,000, now close to breakeven! This releases two major signals:
Shorts are struggling to the death: The giant crocodile adds short positions, indicating fear of missing the rebound and wanting to suppress prices for lower entry;
Retail investors should not follow the trend: Big players hold positions of 6,570,000 dollars, and once they reverse from short to long, it is easy to trigger a short squeeze market!
Fuqis View: The short-sellers' 'narrowing losses' is an illusion! The more they increase their positions, the greater the risk of liquidation in the future! Don't forget, MON rose from 0.02321 to 0.04944. The trend is not broken; a pullback is a healthy turnover.
The 4-hour chart suggests: a pullback is not the end of the world; 0.03462 may be a golden pit!
Technical aspect: dead cross is pressing down, but there is a bottom line to the decline!
From the 4-hour K-line chart, MON is currently in a pullback phase after high-level fluctuations. The key resistance level is at 0.04250, and the high pressure level at 0.04808 has become a short-term ceiling. The MACD shows a 'dead cross', indicating that bullish momentum is weakening and may continue to dip in the short term. But don't get scared away! If the key support at 0.03850 holds, it will trigger a rebound; if it breaks, the next defense lines are 0.03462 (strong support) and 0.02836 (rebound bottom).
Fuqis View: The main force is playing 'panic washing'! The dead cross is a smokescreen, and around 0.03462 may be the main force's low absorption area. Once stabilized with volume, the counterattack will head straight for 0.04250!
What should retail investors do? Remember these 3 life-saving strategies!
Don't chase highs and cut losses: a dead cross is not a signal to run away. If it breaks below 0.03850, wait to add positions around 0.03462;
Keep an eye on the news linkage: short-sellers are operating simultaneously on ZEC and MON. If ZEC suddenly surges, it may drive MON to rebound;
Learn the main force's thinking: why did the bullish position with 1.2 million capital and 110% floating profit increase positions in HYPE and ZEC? It shows that funds are rotating, and MON is still attractive after the pullback!
Fuqis Ultimate Warning
Today's script: first drop, then shake! Short-term pullback to 0.03462, if it holds, will rebound to 0.04000; if it breaks down with volume below 0.02836, run! But the probability is low—when short-sellers are about to exit, it is often the starting point of a surge.
Newbies remember: the market always emerges from despair, don't be scared by 'dead crosses' and short-sellers increasing their positions! Follow me for the first time to bottom fish and escape the peak!
If you don't know the specific entry timing and exit points, and the fans who are holding positions can follow Fuqi. Fuqi will announce the daily coins and entry points, as well as exit timing in the Fuqi Rocket Ship 24 hours a day.
