The moment I opened the chart, my blood pressure shot up! $DEGO this dog platform has really been playing with fire on Binance contracts lately!

First, let's look at this B trend:

Yesterday, it surged 50% leveraging the concept of "small and medium market cap rotation", and the whole network FOMO was shouting "NFT+DeFi rising"! What happened? Today? Gate data shows it has dropped back 6%+ in the last 24 hours. One moment it's heaven, the next it's hell; they are using us contract traders as fuel, aren't they?

Now, let's examine this liquidity pool:

Now the whole market's fear index has reached "extreme fear (8)", and BTC is just there, half-dead and fluctuating. With this level of liquidity, the big players rely on words to pump the market and on actions to dump it! Those brothers who chased in at 0.65, if you don't run now, your position is probably about to get blown up.

Technical aspect? Let me break it down for you:

On the 1H level, it looks like it needs to pull back and go long, but on the 4H level, that needle is long and sharp; jumping in means becoming a bag holder! The negative funding rate looks intimidating, but can you really hold out until a short squeeze? The big players won't rest until they take out the stop-loss orders of the bulls!

If you want to trade DEGO contracts, either set your stop-loss and gamble your life, or just watch quietly. In this kind of market, if you're not a professional hunter, entering is just handing over your head! Don't ask me if you can chase the high now; the answer is "I don't know, just roll out!"