"There is nothing new in the cryptocurrency world. If it rises too much, it will fall. If it falls too much, it will rise. The only thing that remains unchanged is human nature."
Good afternoon, fellow cryptocurrency friends! CETUS's operation can be called the "ceiling of the cryptocurrency roller coaster". The 4-hour K-line chart makes people's blood pressure soar! From a surge of 80% to a sharp drop of half, let's use the most straightforward words to explain this wave of market conditions.
The truth behind the surge
On May 22, CETUS directly staged a "dry land onion pulling" performance, opening at $0.145 and reaching a high of $0.257, a single-day increase of 76.5%! This wave of pull-up is said to be a "king bomb" by the project team - announcing the launch of Binance USDT trading pairs and signing a oracle cooperation agreement with Chainlink. As soon as this news came out, the market went crazy, with a single-day explosion of more than $520 million, which made the old guys in the currency circle exclaim "I've never seen such a thing in my life".
But the market is good at dealing with all kinds of dissatisfaction! On May 23, the stock price plunged directly from a high platform, with a big negative line hitting $0.170, a 34% drop in 16 hours, and nearly 2 billion market value evaporated in an instant. There was a lot of wailing in the group, and many brothers who chased high prices yesterday could not escape overnight. This wave of "taking over at a high position" is a textbook case.
In-depth technical analysis
As usual, let’s use K-line to speak:
The battle between bulls and bears was fierce: the big positive line with a trading volume of 420 million US dollars on the 22nd was reversed by a negative line with a trading volume of 580 million US dollars on the 23rd. It was a typical "head-breaking" pattern, and the trapped shares piled up to 0.19 US dollars and the price was suffocating.
The moving average system collapsed: MA5 changed from support to resistance, MA10 turned directly downward, and the MACD high-level death cross was accompanied by huge volume. This momentum was more exciting than a contract liquidation.
There is a serious chip gap: the 0.17-0.18 range is full of locked chips, just like a series of rear-end collisions on the highway. If you want to start, you have to clear these "roadblocks" first.
KK Suggestions
This wave of market gave me three insights:
No matter how beautiful the dream of getting rich quickly is, it is better to put the money in your pocket and put it in your pocket. Those who rushed in on the 22nd must be regretting it now.
There is no "perpetual motion machine" in the cryptocurrency circle. If a coin has risen for three consecutive days, you have to be wary of "market reversal" on the fourth day.
Stop loss should be ruthless, and bottom-fishing should be steady. I have a brother who bottom-fished at 0.18, and now he is stuck at 0.17. This is a typical "there is a basement under the floor".
The key is to look at the 0.17 support level. If it cannot even hold this position, the next target will be the 0.14 psychological barrier. However, if it can trade sideways in this range for three days without breaking, it may be possible to create a "ground-to-ceiling" to stimulate the market.
Survival rules in the cryptocurrency world
Now the whole market is waiting to see whether CETUS can fight back. This roller coaster market has exposed two truths:
The characteristics of the cryptocurrency news market are obvious, but the good news is bad news
Retail investors are always chasing ups and downs, but the main players are taking advantage of the situation to clean up the market
Finally, let me ask you a soul-searching question: If CETUS suddenly pulls back to 0.20 tomorrow, will you go all-in to buy the dip or take the opportunity to run away? Tell us what you would do in the comments section
Remember: survival in the cryptocurrency world depends not on prediction but on response. Only by keeping your capital can you be a true king!
There are opportunities and risks in the cryptocurrency world. Staying vigilant and finding the right time is the key. I also found a short-term skyrocketing project with great potential for doubling! If you want to keep up, click on the avatar and follow me, and share for free!
$CETUS
