The trend of #数字货币市场回升 is quite magical - it was at the bottom of the fall list the day before, and then suddenly shot to the top of the rise list. This roller coaster market is most likely to make people lose their sense of direction in emotional fluctuations.



From a technical perspective, the price has reached the upper key resistance zone. A double top structure has appeared on the daily chart, with quick pullbacks after two highs. This indicates that there is indeed significant selling pressure above, and short-term profit-taking funds are actively exiting.

In the face of this high-level fluctuation, I prefer a conservative approach: trying a small position to short, with the stop-loss set just above the previous high to prevent being caught by a false breakout. On-chain data also confirms this judgment—funds have been continuously flowing out, and during the midday session, the main players obviously withdrew, leading to a subsequent acceleration in the fall. The short position laid out at the 0.46 level ultimately achieved nearly 700% profit potential, with an actual return of 680 points.

When market sentiment fluctuates, patience is more valuable than impulse.
MERL10.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
0xOverleveraged
· 2025-11-30 06:15
With such an obvious double top, there are still people chasing the price, it's really incredible, those who get played people for suckers are definitely the ones who came in late.
View OriginalReply0
GateUser-00be86fc
· 2025-11-29 16:55
Haha, this wave of MERL is indeed thrilling; as soon as the double top appears, it's time to run.
View OriginalReply0
FudVaccinator
· 2025-11-27 07:16
How can there still be people chasing rising prices after the double top? I'm really amazed, be careful not to get trapped by altcoins.
View OriginalReply0
  • Pin