The Truth Behind the SFP Crash! The Main Players Manipulate Behind the Scenes, Retail Investors Get Caught
A bloody lesson is being replayed! Today, the SFP price action broke defenses directly, soaring to 0.567 at the open before collapsing in seconds, plunging throughout the day and piercing the strong support at 0.55, closing around 0.546, just a step away from the previous low of 0.53! The K-line entity has seen three consecutive bearish candles; this trend is simply a bear's meat grinder!
Clear Signs of Main Player Selling
Today's SFP price action can be called a textbook-style dump, with the opening price around 0.567 directly encountering the nuclear button, and a total trading volume of less than $8 million yet a crash of 12%. The 15-minute K-line shows that every rebound to around 0.555 was precisely smashed down, the MA7 moving average (current price 0.549) has crossed below the MA30 forming a death cross, MACD continues to expand below the zero axis, and RSI has dropped to 28 without seeing a bottom; this is a typical downward continuation pattern!
Latest News Interpretation
On-chain data shows that today SFP experienced abnormal transfers: three whale addresses transferred over 3.2 million tokens to centralized exchanges (current value around $1.8 million), with 2 million tokens being sold off concentratedly after breaking below 0.55. Strangely, the project's Twitter urgently released "Ecological Cooperation Progress" at the 0.54 position, but the Discord community administrator cleared out 3,000 tokens during the same period; this kind of contradictory operation is too obvious!
DEX trading volume shrank by 40% compared to yesterday, with the current daily average transaction only $1.2 million, and the buy-sell depth is severely imbalanced. The current support level at 0.54 is virtually non-existent; if it breaks, it will trigger a large number of stop-loss orders, and the area around 0.525 is the real hellish checkpoint.
The Bottom-Fishing Opportunity Has Yet to Arrive
Although the price is approaching historical lows, bottom-fishing at this moment is like licking blood off a knife edge. Historical data shows that SFP usually takes 2-3 weeks of gradual decline every time it breaks critical support, and this time the downward momentum is 30% stronger than the previous two times. It is advisable to wait for a significant cross star to appear on the daily line and for the price to stabilize above the 0.555 moving average pressure level before considering entry.
Remember, surviving in a bear market is more important than getting rich quickly! Instead of staring at the market every day in exhaustion, it's better to distance yourself from junk coins early, preserving ammunition for real bull market opportunities!
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