In the past couple of days, the performance of a certain coin can be summed up as a short-term wave driven by emotions. With a 24-hour rise exceeding 17% and its market capitalization breaking into the top 100 on CMC, it indeed looks fierce. However, if you unfold the minute-level Candlestick and look closely, the problems immediately become apparent—it's all structural issues.

Liquidity is inherently shallow, and as soon as funds come in, it can easily pull up the price, creating the illusion of "large capital relay." The real big players have long been watching from the sidelines and have no intention of following the trend.

From the order book data, every time it approaches around 0.44, the buying pressure clearly thins out, and there are very few people willing to take over. This is not a trend initiation; essentially, it is using the rise to create trading liquidity. The busier the market, the more one should ponder - is it paving the way for others to offload their goods?

With the recent overall cautious sentiment in the market rising, funds are mainly in a fast in and out rhythm, making it difficult for coins that spike briefly to gain sustained support. To put it bluntly: without firmly standing on key support levels, this kind of surge is a trap for the bulls, not a reversal. Before entering the market, one must be clear about where the risks lie.