$USELESS That drop wiped out the little profit in my account and left me in the red. I chased a long at 0.132 the day before yesterday. At the time, it looked like the 4-hour chart had just broken above the previous high of 0.128, and volume was picking up, so I thought I could ride the momentum. Then last night, one huge bearish candle sent it straight down to 0.1118. It fell 15.77% in 24 hours, with 26.7M in trading volume—a high-volume drop. This isn't a shakeout; it's distribution.

Looking back, my mistake is obvious: I treated the breakout as confirmation. Price and volume did line up reasonably well when it broke above 0.128, but I ignored the bigger-picture structure—the area around 0.14 on the daily chart was a previous high-volume zone. It hit the 24-hour high of 0.1398 right there and couldn't push higher, a classic false breakout that turned into a breakdown on the retest. I set my stop-loss at 0.125, but slippage got me filled at 0.121, costing me another 4 points. The lesson is simple: when buying a breakout, wait for a confirmed retest. Don't chase while it's pumping, especially with a meme coin like this, where liquidity can come and go in a flash.
The technical picture looks ugly now. 0.1118 is the 24-hour low and the last line of defense in the short term; if it breaks, the next level to watch is the round-number mark at 0.10. The 0.125–0.128 zone has turned from support into resistance, and a rebound there will likely get pressed down again. On the indicators, the 4-hour MACD has crossed bearishly and the histogram bars are still growing, with no divergence signal, which suggests the selling momentum hasn't run its course. The only positive is that trading volume at 26.7M is still fairly active, which means buyers are stepping in—but whether they're buying the bottom is hard to say.
My plan: no bottom-fishing. I'll wait for one of two scenarios—either it holds around 0.1118 on declining volume for at least three days and forms a bullish reversal candle pattern, then I'll try a small long position of no more than 20% of my portfolio, with a stop-loss below 0.108; or I'll wait for it to rebound to the 0.125–0.128 resistance zone and short, with a stop-loss at 0.132 and a target of 0.105. Shorting here risks getting caught in a bounce, while going long risks catching a falling knife. The best move is to wait.
The first technical target is 0.10; if that breaks, then 0.088. I'll treat the money I lost this round as tuition. Don't make the same mistake I did and chase a breakout at the top. If you're stuck above 0.13, check in in the comments—I want to see how many of you are stuck holding the bag with me. #每周来晒 #Gate广场中秋团圆局