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Shitcoins' rallies have never been a benefit for retail investors; frankly, they are just a way to hand over the 'bag holder.'
This morning, MON suddenly surged fiercely, jumping from 0.02240 straight up to 0.02397, a 7.14% increase. The comment section immediately exploded with calls like 'Finally, a rebound' and 'Full position entry.' But I looked at the exchange backend data and saw the trick — behind this rally, a certain anonymous whale just dumped 12 million short positions to lure in retail investors, who chase in today, only to be tightly trapped by the afternoon.
**No positive news, yet it surges out of nowhere**
There are no real positive developments for MON today. No community updates, no official announcements, but the exchange's large transaction data tells a different story — between 0.02380 and 0.02397, suddenly 1.8873 million coins were 'actively bought,' followed immediately by 2.7981 million coins of 'passive sell orders' being absorbed. This is the classic 'self-buy, self-sell to create hype' tactic that seasoned traders understand.
A deeper look on the chain reveals more — within the last two hours, three addresses transferred a total of 6.67 million MON to the exchange. These addresses are the same 'old main players' who dumped the market last week. A rally without news is always about finding bag holders; this hype from start to finish is fake.
**Technical signals have been flashing red for a while**
Looking at the 4-hour K-line chart makes it clear. The orange resistance line is firmly pressing down on the price. This rebound didn't even touch the edge of the resistance line — a typical 'bouncing around in a downtrend.' The RSI indicator is also very telling, showing no signs of oversold reversal. This isn't a rebound; it's the main players hunting.