$FIL How did this guy come back again, a coin that once had its grayscale cut? But the price rapidly surged within 24 hours, forming a serious divergence with extremely low protocol revenue. The futures market is crowded with longs, do not chase the rally.

The daily chart is very strong, but the short-term gains are too large, which will definitely lead to a pullback. Pay more attention to the pullback when making judgments.
The retail long-short ratio is 2.33, and retail longs are obviously crowded—if the price pulls back, be careful as it may trigger a long stop-loss chain, but the funding rate is still low, and the cost of going long is acceptable. There are no extreme short squeeze signals for now. Recently, active sell orders have been more frequent than buy orders, and there is significant profit-taking pressure during the price rally. Be cautious.
Here are some levels for your own judgment:
Strong resistance level: 1.32-1.33
Resistance level: 1.16
Short-term support: 1.07-1.10
Medium-term support: 0.97-1.00
Long-term support: 0.90-0.93
Distant support: 0.80-0.84
Order book dense orders:
Buy orders concentrated at 1.258-1.262
Sell orders concentrated at 1.265-1.268
You need to pay attention. If it can hold above 1.20 and break through 1.32-1.33 with volume, it may open up new upside space. If it falls below 1.07-1.10, the rapid rally may end, and a pullback to 0.97-1.00 is possible. Continuous large sell orders plus retail bias towards longs indeed signals short-term pullback risk.
#Gate广场五月交易分享