Brothers, they copied the homework! Today I noticed the SIGN/USDT perpetual contract was on a heart-pounding roller coaster, with the latest price at 0.09464 directly breaking through the 6-hour moving average, plunging 6.29% in 24 hours, even more severe than the market.

That wave of false highs in the morning was the most frustrating—at three in the morning, there was a sudden spike to 0.09964, and as a result, the whales immediately smashed the market, leaving a bloody upper shadow on the K-line, which looks like a classic trap for the retail investors.

I just checked the on-chain data and found the big show is still ahead: that spike at three in the morning coincided with a certain whale address transferring 20 million SIGN to Binance, clearly indicating that the big players were playing a fake pump while actually selling off.

What's even more unbelievable is that the project team announced this morning that the mainnet upgrade has been delayed by two months, and the tech team's Twitter quietly deleted the Q4 ecological cooperation roadmap. This operation directly broke the morale of the holders in the community, and the Telegram group is now full of angry voice messages.

Brothers, pay attention, this wave of decline with volume is not a joke. In the four-hour chart, the OBV (On-Balance Volume) indicator is diverging from the price, indicating that institutions are quietly accumulating.

The key support to watch is at 0.09200, this previous low position; if it breaks down with volume, we might have to go to 0.085 to find support. I have TradingView alerts set up on my computer; at this position, it's better to miss out than to make a wrong move. For those in contracts, don't rush to bottom-fish—especially avoid high-leverage positions, as basically all the long positions above twenty times were wiped out this morning.

However, spot traders can keep a close eye on on-chain movements. Glassnode shows that outflows from exchanges are starting to accelerate; when there’s a single-day net outflow of over 5 million SIGN, that will be the signal for a second charge.

My trading strategy is very simple: place a limit order at 0.09188 to test the waters, immediately stop-loss if it breaks below 0.089, and if it stabilizes at 0.0965, chase a rebound for a quick in-and-out. Remember, this kind of altcoin is all about the thrill; don't let your position exceed one-tenth of your bullet stock!

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