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FLOCK's recent decline looks like an emotional collapse, but a closer look at the chart reveals that the problem lies in the structure—this is a classic sign of weakness. I decisively shorted around 0.117, took profit at 0.1065, and the entire trade yielded a 2x return. The logic is actually quite clear.
From the candlestick pattern, FLOCK surged too quickly in the early stage. The high points did rise steadily, but the trading volume couldn't keep up, which is the dead end of "rising price with shrinking volume." Funds chasing the high started to hesitate, and there are no signs of the main force adding positions. More importantly, it repeatedly failed to hold above 0.12, forming a clear double-top pattern, with overwhelming selling pressure above. Once the defense line is broken, the decline will accelerate faster than you can react.
Looking at the moving average system as well, the short-term moving averages have already started to turn downward. After the price broke below support levels, there was no decent rebound; instead, it showed weak consolidation—this is a standard downtrend continuation pattern, with the bears clearly in control. Plus, during this period, market sentiment has been cautious, everyone wants to lock in profits, and FLOCK naturally became a target of selling pressure.
Honestly, rather than stressing over which coin to choose in the market, getting anxious about missing out or being trapped, it's better to calmly understand the basic technical logic. Trading with a clear plan is much more reliable than following the crowd.