$MEGA New Coin Listing Trilogy: Sharp Rise, Sharp Drop, Sideways Trading — Remember

MEGA
MEGA: Is the prolonged sideways movement after a surge a bottoming out or a trap to lure more buyers?

From 0.05300 to 0.37000, then crashing back to 0.14805, this rollercoaster ride has already shattered the mentality of countless traders chasing the high.

This is a classic “peak at listing” script. A single upper shadow candle traps all chasing funds at the 0.37 top, followed by a decline and sideways trading, more like the main players slowly boiling the frog. Looking at the 4-hour chart, the price has already fallen below the 7-period moving average, with trading volume continuously shrinking, indicating that buying pressure is no longer able to support, leaving only the trapped holders passively holding.

The current 0.148 seems to have dropped 60% from the high, but in reality, it’s the most dangerous stage. You think you’ve bought in halfway up, but little do you know, there are eighteen layers of hell beneath. The MA7 moving average has already started to turn downward, and the price repeatedly struggles below the moving average. Every rebound is just an opportunity for trapped holders to cut losses and exit, with no signs of new funds entering.

Many believe that after a big drop, the price will rise, but in the crypto world, there’s no bottom, only lower levels. The 24-hour trading volume has been shrinking since listing, indicating that the main players have long since finished unloading. The current sideways movement is just to create the illusion that “it’s not falling anymore,” so when you enter to buy the dip, the next wave of dumping will directly bury you.

Don’t be fooled by the hype of “infrastructure new coins.” The initial surge on listing is essentially a main player’s harvesting game. The current price is topped with layers of trapped orders above and a vacuum zone below with no support. Once the price breaks below the 0.146 low, the next stop is the abyss at 0.10.

For aggressive traders, there are no safe entry signals here; for those trapped, sideways trading isn’t hope but the main players’ last chance to exit.

The market never believes tears, only chips and capital. Want to know when a true stabilization signal appears? Follow me, and in the next issue, I’ll teach you how to understand the main players’ actions behind this “death sideways” movement, helping you avoid the trap of a collapse right after listing. #Gate广场五月交易分享