$MEMEFI there was a significant price bounce, causing market sentiment to reach an extreme state of excitement. However, it is noteworthy that after the sharp rise, the price turned around and adjusted strongly.
The question is: Is this an opportunity or a perfect trap?
📌 Notable signs:
• A strong push just occurred, attracting many investors to open positions.
• After the surge, the price experienced a quick adjustment and is currently consolidating around the nearest support area.
• The current market sentiment is quite mixed – one side expects further push, while the other is wary of a sell-off.
🎯 Action strategy:
• For those who have had a position early on: Consider taking partial profits and moving the stop loss to breakeven.
• For those on the sidelines: Don’t rush. Wait for clearer signals – if there’s a bounce back with good buying pressure → it will be safer to enter then.
• If the price continues to weaken and breaks through short-term support levels → that could be a sign that big players are withdrawing.
💬 Brief advice:
“One should not follow the crowd when the sentiment is at its most euphoric. The real big wave will not miss those who know how to wait.”
