Follow the trend of SQD. Its performance in the past two days has indeed been eye-catching—rapidly rising from the bottom to double, with a considerable increase. However, the 4-hour chart shows an interesting signal: although the overall trend is upward, the trading volume has been continuously shrinking. This "rising price with declining volume" situation often indicates that the bulls are weakening.
An increase with no volume usually signifies a false rally, lacking sufficient momentum behind it. At this point, it can easily become a "trap" for short-term traders chasing the high. From a technical perspective, a pullback is highly likely in the near future. The current short position strategy at this price level is relatively feasible, but one thing to watch out for: before a real decline, there may be one or two small upward pushes—common tactics used by large players to attract last-minute buyers.
If you get it right, the profits can indeed be substantial, but the premise is to manage risk properly. If your judgment is opposite to this and you are bullish on this coin, you can also operate in the opposite direction—there are no absolute answers in the market. The key is to be responsible for your own decisions.
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LuckyBearDrawer
· 8h ago
The pattern of unlimited surge is seen too often; 99% of the time it's just a trap to lure more in. Now, chasing it will most likely lead to a fall.
View OriginalReply0
LiquidityWhisperer
· 8h ago
The rise of Wulian is just an illusion, this trick is too old, those chasing the high will have to take the loss
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Price rises with shrinking volume? I'm just waiting for it to crash down
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Exactly, the manipulators have seen all the tricks, wait for a test order to short
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Rapid doubling and rally... isn't this a classic trap to lure more buyers? Be careful
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Risk management is truly the top priority, making money is secondary, not losing money comes first
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Counter-trend trading is also okay, anyway the market is never absolute, rely on your own judgment
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Price rises with shrinking volume, this signal is very clear, the bulls are about to exit
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I'm just worried that one or two spikes will trap people again
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Volume can't be fooled, shrinking is shrinking
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If you short correctly, the profit can be quite good, but you must set a proper stop-loss
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ZenMiner
· 8h ago
sqd this wave is a classic trap for rising prices, shrinking volume should be a warning
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Rising with no volume? When it's time to run, don't hesitate, crying later won't help
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Price rises while volume shrinks—simply put, the big players are offloading, don't be fooled
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Doubling your gains sounds great, but the risks double too... Be cautious with short positions and test orders
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This kind of market is the most annoying, making money is extremely difficult, losing money comes quickly
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Managing stop-losses well is more important than anything else, otherwise even the best analysis is useless
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I’m bullish, you’re bearish, who’s right or wrong depends on luck haha
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Liquidated_Larry
· 8h ago
The market is shrinking again, and here we go... Last year, we had several crashes because of chasing these fake rallies. This time, I've learned my lesson.
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BTCBeliefStation
· 9h ago
Price rises but volume shrinks, I've seen this trick too many times before. It's probably just the beginning of another round of cutting the leeks.
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SQD looks aggressive this time, but with such sluggish trading volume... it's hard to tell if it's a trap or a trap for the bulls. I'll stay on the sidelines for now.
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The biggest risk with no-volume surges is that the last time a coin like this did that, it was cut in half. Better to wait for volume to shrink and confirm before taking action.
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I've long understood the "push high and test" tactic used by the market makers. Anyway, I don't chase after highs.
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That's right, divergence between price and volume is indeed a warning sign, but who knows what will happen in the next second...
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Doubling is tempting, brother, but I'm more afraid of catching the last move. Forget it, better to stay flat.
View OriginalReply0
metaverse_hermit
· 9h ago
Price rises with decreasing volume is a common trick, with one trap after another for trapping the bullish.
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A rise with no volume is fake; it will be vomited out sooner or later.
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This wave of SQD looks exciting, but those who dare to chase high need to have some courage.
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The tricks of the market makers are obvious; when testing the rebound, they will directly smash it, and those trying to bottom fish will be washed out again.
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Short positions are okay, but watch your stop-loss; don't be fooled by those two spikes.
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Anyway, I won't chase anymore; I'll wait for the decline.
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The market has no absolute answer, but the account has an absolute loss, haha.
Follow the trend of SQD. Its performance in the past two days has indeed been eye-catching—rapidly rising from the bottom to double, with a considerable increase. However, the 4-hour chart shows an interesting signal: although the overall trend is upward, the trading volume has been continuously shrinking. This "rising price with declining volume" situation often indicates that the bulls are weakening.
An increase with no volume usually signifies a false rally, lacking sufficient momentum behind it. At this point, it can easily become a "trap" for short-term traders chasing the high. From a technical perspective, a pullback is highly likely in the near future. The current short position strategy at this price level is relatively feasible, but one thing to watch out for: before a real decline, there may be one or two small upward pushes—common tactics used by large players to attract last-minute buyers.
If you get it right, the profits can indeed be substantial, but the premise is to manage risk properly. If your judgment is opposite to this and you are bullish on this coin, you can also operate in the opposite direction—there are no absolute answers in the market. The key is to be responsible for your own decisions.