LIGHT, is anyone still chasing this wave of market movement? It's a classic dead cat bounce. Looking back at December 22nd, that wave saw it plummet from 4.7 to 0.3, a shocking decline. Now, with a +150% increase, honestly, it's just the final harvest for the last of the retail investors. A dead cat bounce behaves exactly like this—how hard it surges up, the more brutal the fall will be afterward.
From a technical perspective, the current price of 1.15 is a bit risky. If it follows the dead cat bounce pattern, it will go up and then come down, with the target likely returning to around 0.5. If you want to set up a short position during this wave, placing an order at 1.15 is a relatively rational choice.
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ZKProofEnthusiast
· 13h ago
Here we go again with the pump-and-dump scheme, really treating us like fools. Thinking of running after a 150% increase? No way.
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DecentralizedElder
· 13h ago
Are you using this trick again? I didn't even fully buy in at 0.3, and now at 1.15 you're still daring to chase, really tired of this.
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Short positions are already set, just waiting to watch the show.
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A typical pattern of one wave of cut followed by another, I give up on this coin.
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Oh, here we go again with the same routine, I almost fell for it again.
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I've already shorted at 1.15, waiting to prove the analyst wrong.
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Dead cat bounce is indeed rare, every time it tricks a bunch of people.
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Is 0.5 the bottom? I think it still needs to break lower.
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I'm not chasing anymore, too exhausted.
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That's why I only watch and don't trade, it saves me the trouble.
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GateUser-7b078580
· 13h ago
Data shows that this rebound cannot be sustained at all. Looking at the hourly trends over the past three days, although... historical lows will eventually return.
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NullWhisperer
· 14h ago
dead cat bounce pattern's textbook at this point, tbh. the 150% pop just screams liquidity grab before the dump. technically speaking, that 1.15 level is basically screaming "short me"—vulnerable to a pretty predictable pullback to 0.5 territory if the chart holds to form.
LIGHT, is anyone still chasing this wave of market movement? It's a classic dead cat bounce. Looking back at December 22nd, that wave saw it plummet from 4.7 to 0.3, a shocking decline. Now, with a +150% increase, honestly, it's just the final harvest for the last of the retail investors. A dead cat bounce behaves exactly like this—how hard it surges up, the more brutal the fall will be afterward.
From a technical perspective, the current price of 1.15 is a bit risky. If it follows the dead cat bounce pattern, it will go up and then come down, with the target likely returning to around 0.5. If you want to set up a short position during this wave, placing an order at 1.15 is a relatively rational choice.