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$POWER It has increased by 21% in 24 hours, but if you rush in now, I advise you to cut your losses immediately. The price at 0.0911 looks lively, but the actual 24-hour trading volume is only 17.2 million, with liquidity worse than your local bubble tea shop. It peaked at 0.0947 and dropped to 0.0736, a volatility of over 28%. For a coin with obvious manipulative traces by the whales, I personally saw three retail investors chase the high last year—one was wiped out by 70%, another lost 45% cutting losses, and the remaining one is still standing at the top. Don’t think 0.0947 is a resistance level; that’s just a fake move by the whales to unload.
Data tells you the truth: the 21.76% 24-hour increase is backed by artificially inflated turnover rate, which collapses with a slight pull. Looking at this trend, the rebound is like holding your breath, but the volume hasn’t kept up. Once it pulls back, the low point at 0.0736 might not even hold. Don’t talk to me about narratives; this short-term pump-and-dump pattern is just a way to harvest chasing traders.
If you really want to buy, I’ll give you conservative trading conditions: watch for a break below 0.088, and if it pulls back to around 0.08 with high volume and stabilizes, go small position. Set a stop loss at 0.076, take profit at 0.098-0.102, and keep your position within 3% of your total funds. Remember, chasing high now is just giving away money. I’m a conscientious Gate community member advising against FOMO. Want to survive longer? @我陪你盯盘.