MEMEFI surged nearly 200%, but is this really an opportunity?
After Binance announced the delisting of its perpetual contracts, MEMEFI once soared nearly twofold.
The 24-hour trading volume skyrocketed to $209 million, but don’t rush to FOMO; this surge is more of a mechanical rebound caused by short covering rather than a recovery of market confidence.
Technical structure highlights:
Although the price surged, it is still more than 80% down from its peak.
Funding rates are highly volatile, with short-term sentiment dominating prices.
The trading structure exhibits characteristics of a "short squeeze trap"; be cautious of the risk of pullbacks.
My strategy observation:
This rise is not a breakthrough; it feels more like a "last dance". Short squeezes are usually unsustainable, so I recommend avoiding chasing highs and instead focusing on short opportunities after the exhaustion of volume at high levels.
What do you think about MEMEFI's recent trend?
Are you bullish on a short-term continuation? Or are you preparing to wait for a shorting opportunity after a rebound? Feel free to analyze together in the comments below👇
For more market analysis + potential opportunity points, I am the Lord @分析师苏哥