From the current high leverage of 3S, the spot market is correcting its 30-minute trend. Let's see if a strong 30-minute bullish candlestick can appear next.
#PIEVERSE #PIEVERSE There's no market movement now. I don't dare to go short, and there's no signal to go long. I'll wait until a strong bullish candle appears on the 15-minute chart before looking for a long opportunity.
#COMMON open interest is only 360,000, so everyone should be careful. At the very least, you should only play with projects that have an open interest of over 2,000,000. With these small projects, there's only a chance to lose, not win. The price movements aren't determined by the market or sentiment.
There are official pools on Base, BSC, and Solana, not just on the Base chain. The combined total USDC and ETH in the three official pools is about 860,000 US dollars.
When the leverage ratio for #PIEVERSE3S reaches above 2.8, you need to watch the trend. If it doesn't look good, it's better to take profits. This coin is definitely going to drop into the negative, heading towards a merger.
#COMMON The market manipulation by the whales is too severe. Even though there is an upward trend, the price is still pushed down by the whales to liquidate long positions. This shows that the whales hold a lot of spot tokens and are deliberately shorting and dumping at high levels. So, when playing with these small tokens, take your profits and run.
#PIEVERSE historical 4-hour maximum increase was 90%. Currently, the 4-hour maximum increase is around 29%, so manage your position size carefully when shorting.