A certain L1 public chain has recently surged significantly, but looking back at the current market situation, this chain has long lost its former glory. Without substantial applications and a limited user base, it is solely supported by manipulation skills to sustain its price. Instead of chasing the high, it’s better to wait for more promising opportunities.

From a technical perspective, the key resistance levels are at 4.5 and 5.2. 4.5 corresponds to the MA120 moving average, and 5.2 is the MA180 moving average. These two levels represent important cost zones in the market, and large institutional players typically position themselves at major resistance levels, so they require close attention. If you plan to short, you can try building a position at 4.5; at 5.2, you must decisively short.

To be honest, shorting may seem aggressive, but its win rate is often much higher than blindly going long. Many people hesitate because of psychological reasons. However, not all coins are worth shorting, especially low-liquidity altcoins. You need to look at higher-level indicators and avoid following the crowd. Indicators essentially reflect market consensus, and institutions are watching the same indicators.

The core of trading is to be smart, not to place orders blindly. Pay close attention to the levels at 4.5 and 5.2 to better grasp the rhythm of shorting. Continuous learning and constant strategy optimization are the true paths to long-term profitability.