#山寨币强势反弹 Recently, I was shocked by a few “demon coins” (like RAVE) 😲😲😲

What makes a “demon coin” a demon? Without any causal chain, it has already broken away from the normal pricing logic a real market should have.

When a coin comes back into your field of view, it usually has already gone through two things:

First segment: the low-position chips have already been concentrated (otherwise you can’t lift it)
Second segment: the price has been pushed into a range that draws attention (otherwise you wouldn’t notice)

For most people, by the time they enter, the “role” is already decided. Many people don’t even know what needs this rally to happen—and they can’t tell whether it’s a trend or just distribution.

There’s one very simple chart feature to verify:

1⃣ During the ramp-up, trading volume keeps expanding, but the price slope starts to flatten;
2⃣ You see repeated “push to new highs → chop sideways → push to new highs again,” but for the same amount of rise you need increasingly larger trading volume;
3⃣ It’s easy to needle-push, but between multiple legs of the rally there’s no natural follow-through.

If you only have ①② and no ③, it means it’s still in the early stage of distribution;
If ①②③ all show up, you’ve basically moved into the later stage of dumping—risk is the highest;
Only ③, without ①②, could be just small-cap control plus a sentiment coin—not necessarily distribution, but it doesn’t have strong trend attributes.

Of course, the best option is still not to play. It’s a game of information and cost asymmetry—trying to turn yourself into that exception survivor who escapes by relying on a little real-time reaction is just too hard!

If you want to dance with the sickle, first you need to be ready to be harvested by it.
If you don’t dance with the sickle—stay away. You’ll never be harvested!