"The sharpest scythe in the delisting wave often hides within the surging candlesticks!"
On November 12, Binance will delist the FLM perpetual contract, causing a stir in the crypto world these past few days. Generally, a delisting is a significant negative factor; once liquidity is cut off, the price should drop drastically. However, FLM is not playing by the rules—soaring 40% in three days, from 0.019 to 0.0335 at 11 PM yesterday, directly teasing retail investors' greed. What happened next? The price just touched 0.0335, and by midnight, it plummeted back to 0.0163, leaving a shadow like a 'lightning rod'. This is not an increase; it's clearly the main force drawing a 'death door' on the candlestick chart, just waiting for retail investors to dive in!
News front: Is the delisting bad news turning into a 'baiting tool'?
Binance delisted FLM, essentially a 'death sentence' for liquidity. Big funds should have exited long ago, and the project team should have retreated quietly, but FLM insists on doing the opposite — a violent surge in the last 3 days, especially today and yesterday, with a 40% rise in 1 hour, directly stimulating the nerves of technical analysts and momentum chasers. But if you think about it carefully, this operation is reminiscent of an 'apocalyptic carnival': major players knew about the delisting news in advance, accumulated at low prices, and after the news was announced, they used the script of 'bad news reversal' to fool retail investors into taking over. Prices are pushed high, then dumped for profit, and finally, on the delisting day, liquidity is exhausted, leaving all the chips in the hands of retail investors.
Technical analysis: Triple signals are flashing red, solid evidence of major players dumping!
Looking at the 1-hour candlestick chart, FLM is now 'clearly offloading':
Bollinger Band false breakout: Price breaks through the upper band, but the upper band opening is not complete, indicating that the bulls can't hold up the high position, a typical 'pump and dump'.
RSI overbought to the extreme: RSI1 soared to 86.94, approaching the 'danger zone' of 90, buying pressure is overdrawn, and without new funds stepping in, the price could collapse at any time.
MACD divergence at the top: Price hits a new high, but the MACD red bar is shorter than the previous peak, indicating that the major players are quietly offloading, and the candlesticks are all 'drawn' out.
Personal opinion: In the delisting market, retail investors should not act as 'greater fools'.
This surge in FLM is essentially major players capitalizing on information asymmetry to conduct an 'apocalyptic wheel' harvest. Now the candlestick has given triple signals of overbought + divergence + massive selling, chasing higher is just giving money to the major players.
If you really can't resist, remember two points:
Only watch whether there is a second bottom stabilization below 0.025, and do not touch the chips standing at high positions;
Position not exceeding 5%, be prepared for zeroing out — the outcome of delisted coins has always been a mess.
Are you the 'smart money' that can dig money out of the major players' pockets, or the 'big fool' who doubts life after being cut?
I am Shen Ce, the scythe of the crypto world is hard to guard against, but the signals won't lie. Follow me, next time I'll teach you how to turn the 'death door' into an 'escape door' during the delisting wave! Specific entry points will be announced in the village!#加密市场回调