#TradeStories #MostRecentTrade After a wave of rise, it quickly fell back

Regarding the recent trend of Memefi coin price, the analysis is as follows, combining market information and the characteristics of cryptocurrencies:

Short-term Technical Signals

According to the latest technical analysis, Memefi coin has recently shown a phenomenon where after two occurrences of long upper shadows, it was subsequently wrapped by bullish candlesticks. This pattern may suggest that major funds are pushing up the price through similar methods after a washout. Some investors believe that it is not advisable to short at this time and that it is necessary to observe whether it can break through key resistance levels later.

Market Risk Appetite and Sector Rotation

The Meme coin sector overall exhibits high risk and high volatility characteristics. There is a view that small-cap tokens similar to Memefi present extreme profit and loss opportunities of "down 30%, up 1000%", which is similar to the logic behind the recent surges of other Meme coins (such as PEPE, Trump concept coins). However, it is important to note that such investments rely on maintaining market frenzy; changes in liquidity may lead to drastic price fluctuations.