Momentum after the pump is fading. Price rejection at the highs shows buyers are losing strength. If price remains under 0.0115, downside continuation is likely as early buyers take profits.
This coin has lost ~90% from last year’s highs. The founder left, leaving retail to “govern” an empty shell—no dev, no budget, no one controlling price.
Now the founder is back, after shaking out weak hands. Expect sharp down spikes and quick recoveries. Take profits and keep your stop-loss tight!
The 1-hour chart shows why position management is key. A sudden 44% reversal hit traders who didn’t manage risk, causing liquidations. The market direction was right, but the position was wrong—this is a common way short-term shorts fail.
In just ONE day, short sellers exploded by +3 MILLION.
This exact same curve we saw in $DEG0 and $PIX is playing out again: the funding rate is forcing a brutal short squeeze, which is pumping the price higher… but it’s artificial as hell.
Here’s why I’m loading shorts:
Price is high, volume is dead
Spot volume is only 20% of what it was at the previous highs. A massive price spike with collapsing volume = classic distribution/offloading by big holders. No real buying power behind this move.
Quicker it rises = quicker it falls
These low-volume pumps are the fastest to reverse. We’ve seen it a million times — the moment the squeeze exhausts, it cascades.
10x from the bottom + massive room below
Price has already run nearly 10x from the real bottom. The entire move has been funded by short liquidations, not organic demand. That means there’s still huge downside left before we even reach fair value.
This is textbook squeeze-then-dump setup. Funding rate is eating shorts alive right now, but once it flips… gravity takes over.
I’m shorting the rip. See you at the next leg down.
1️⃣ The hype already pumped the price. 2️⃣ More tokens will keep entering the market. 3️⃣ Early investors usually start taking profits. 4️⃣ Buying pressure is not strong enough to push higher.
📉 When hype fades and supply increases… The price usually moves down.
Last year’s dinner hype: +60% spike → $148M retail in → immediate dump. News-driven rallies have no legs. Expect the repeat—open your short position now.
The project has a history of mismanagement and market manipulation. After being exposed for misappropriating user funds, the team attempted to engineer a short-selling setup. Pattern repeats: raise $12M → secure high-profile endorsements → rebrand → pump → dump on retail investors. Upcoming token unlocks are likely to push price lower.
Trade Plan:
24–25 rebound on low volume → consider adding to position
27 break → signals new capital entering, exercise caution
Entry: Market price for first position
Volume and unlock schedules are key indicators—trade with discipline.