Looking at JASMY's recent market trend, rushing in at the current market price feels a bit reckless. If you look closely at the movement, this is actually a false breakout on the daily chart — it seems very strong, but the 1/4-hour trend has already reversed. The six consecutive large bullish candles earlier definitely drew attention, but by closely monitoring the 15-minute chart, you can clearly feel the upward momentum weakening. Especially with the recent spike, this signal is not very friendly. Currently, the price is around 863; if you want to participate, you need to be more cautious and not be fooled by the surface strength. In the short term, this position indeed carries risks, and it's better to wait for clearer signals before taking action.
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memecoin_therapy
· 01-09 07:39
Fake breakouts are the most deceptive; they look fierce but are actually just paper tigers.
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AirdropHunterWang
· 01-08 00:13
A typical fake breakout pattern. I wouldn't dare to touch the 863 level. Once the spike occurs, you'll know how it will move afterward.
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BearEatsAll
· 01-06 12:00
I'm also watching the 863 price level, but it does feel a bit fake. Those 6 big bullish candles look satisfying, but in reality, once the 15-minute chart breaks the level, it all gets exposed.
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GasFeeCrier
· 01-06 11:59
863 vicinity is really a trap. As soon as I saw the needle insertion, I felt something was off. Fake breakouts are the easiest way to cut leeks; no need to rush.
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TokenDustCollector
· 01-06 11:59
Position 863 is really heartbreaking. I also noticed the signs of a false breakout. I almost couldn't hold back during that spike.
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LayerZeroHero
· 01-06 11:53
I'm not willing to touch that position at 863; fake breakouts are the most frustrating.
Looking at JASMY's recent market trend, rushing in at the current market price feels a bit reckless. If you look closely at the movement, this is actually a false breakout on the daily chart — it seems very strong, but the 1/4-hour trend has already reversed. The six consecutive large bullish candles earlier definitely drew attention, but by closely monitoring the 15-minute chart, you can clearly feel the upward momentum weakening. Especially with the recent spike, this signal is not very friendly. Currently, the price is around 863; if you want to participate, you need to be more cautious and not be fooled by the surface strength. In the short term, this position indeed carries risks, and it's better to wait for clearer signals before taking action.