JASMY's recent market movement is indeed a bit crazy. Market orders were directly broken through, with a short-term surge of nearly 30 points, and the RSI soared to 71, a typical overbought signal. But here's the problem—such a soaring price completely detached from the moving averages, and the fundamentals haven't kept up, relying purely on sentiment.



After such extreme market conditions, a reverse crash often follows. Today's celebration is very likely the prelude to a sell-off tomorrow. JASMY is currently at 0.009674, and in the short term, this level has already exhausted its upward potential. In my opinion, you should be cautious at this point—continue shorting with market orders, as a pullback is only a matter of time.
JASMY-3,62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
SchrodingerAirdropvip
· 7h ago
Yeah, this time I really played with fire. When RSI breaks 70, it's time to run. Only true warriors dare to buy the dip now. --- The moment I detached from the moving average, I knew what was going on. Purely emotional trading, I avoid it. --- 0.009674 reminds me of the last XRP pattern. Those who bought at high levels are now crying. --- Counterattack is just around the corner, it's only a matter of time, everyone. --- Market orders for short positions still have a chance. I already ran early, or I would still be chasing the high now. --- This extreme movement is the most terrifying. Earning 100 is not as satisfying as the mental breakdown during a pullback. --- Suspended rise = main players offloading. This is old news, but some still want to gamble. --- Market that doesn't keep up with fundamentals will eventually crash. Better to miss out than get trapped.
View OriginalReply0
CryptoSourGrapevip
· 8h ago
I'll just say it, if I hadn't chickened out yesterday, I would have doubled by now... But what happened? Watching others celebrate wildly, while I'm here analyzing the technicals, it's really ironic.
View OriginalReply0
DAOplomacyvip
· 12h ago
ngl the overbought metrics here are honestly non-trivial... historical precedent suggests these sentiment-driven rallies tend to exhibit rather sub-optimal path dependency. jasmy's fundamentals just aren't aligned with the price action—arguably this disconnect creates concerning externalities for stakeholder positioning. game theoretical implications aren't particularly favorable rn tbh
Reply0
MEVHuntervip
· 01-07 14:30
rsi 71 is literally just begging for a rug pull ngl... mempool's already getting toxic with these market orders, someone's definitely frontrunning this pump
Reply0
TokenVelocityvip
· 01-06 23:52
FOMO, FOMO, I feel like JASMY is really going to crash this time... And the RSI is already overbought. --- Purely emotional pump and dump, what about the fundamentals? It will come out sooner or later. --- I really don't dare to chase at the price of 0.009674, it's too虚. --- Market orders keep being pressed in, it hurts to watch. --- A typical pump and dump scheme, just waiting to see who is the last to take the bait. --- Overbought to this extent, I don't even dare to short. --- Far away from the moving averages, the correction must be quite significant. --- The buddy who bought today will probably regret it tomorrow. --- Fundamentals are blank, purely driven by hype, it will crash sooner or later. --- This wave, I choose to wait and see, let it die down first.
View OriginalReply0
MrDecodervip
· 01-06 23:47
Hmm... the RSI has already soared to 71, which is a bit risky. It feels like a correction is coming. --- JASMY is being pumped up purely on sentiment; it will crash sooner or later. --- At 0.009674, it's time to sell. Don't wait for a reverse hit. --- The market order was broken through. With such obvious overbought signals, why are people still chasing? --- Breaking away from the moving average support, I immediately shorted. --- Haha, celebrating today and crashing tomorrow—this routine is old. --- They are pushing it up without fundamentals catching up; it's amusing.
View OriginalReply0
LayerHoppervip
· 01-06 23:36
Oh my god, JASMY, you're playing with fire. The RSI is at 71, built up purely by hype. It will burst sooner or later.
View OriginalReply0
4am_degenvip
· 01-06 23:36
Damn, this rally is off the charts, RSI is overbought, it's just pure sentiment trading with no humanity. --- JASMY at this price level is a bit suspicious, it's ridiculous to be detached from the moving average support. --- Today’s celebration, tomorrow’s heavy loss, this is usually how it goes. --- 0.009674 at this level has already been overextended, I dare not chase. --- Did the market order just break through? That’s probably the most terrifying signal. --- Be cautious of reverse crashes; such overbought conditions often lead to sharp pullbacks. --- A market purely driven by emotional piling, it collapses with a tap. --- Fundamentals haven't kept pace with the price increase, which is very dangerous.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)