Surge of 180%+, is there a shorting opportunity? $FOLKS Deep data analysis!
Bro, take a look at this market! FOLKSUSDT jumped to 41.7 overnight, a 24-hour surge of 182%, pretty crazy, right? But behind the frenzy, three data points hold secrets, you might need to calm down and think.
1. The price has deviated, are the bulls celebrating? Latest price 41.726, but the marked price is 41.904, a small premium indicating that bulls in the perpetual contract are still excited. However, the 24H high of 46.998 has drawn a long upper shadow—overhead selling pressure, can you feel it?
2. Although the volume is large, is it unloading or taking over? The 24-hour trading volume reached 1.657 billion USDT, a huge amount! But the price has pulled up from a low of 14.6, accumulating a large number of profit-taking positions in the short term. At this time, is the huge volume a turnover relay or profit-taking? You ponder, you think deeply.
3. Short-term seriously overbought, technical indicators show divergence. Although the screenshot does not show the complete candlestick, combined with the MACD data (DIF:5.395, DEA:2.963), it is still at a high level. After a rapid price increase, technical correction or consolidation is usually needed, and the risk of chasing the market is rapidly accumulating.
Beware of the technical correction that may come at any time. The market won't only rise without falling, especially in such a situation where huge funds have pushed it up in a short time.
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This content is for information sharing only and does not constitute any form of investment advice. The market can change drastically, please: participate with small funds, set strict stop-losses, and keep sufficient funds on hand to cope with the market's volatility! Wishing all traders to stay clear-headed and make rational decisions.
