A Chinese Meme coin launched by a major exchange was supposed to be a big hit, but what happened? On the day of its launch, it was dismissed as a "positive news" and digested quickly. The price didn't skyrocket; instead, it remained weak and steadily declined. This reflects a harsh reality—the liquidity in the current crypto market has long dried up.

Retail investors' enthusiasm has fallen to an all-time low. Without fresh capital influx or a nationwide FOMO atmosphere, Meme coins that rely solely on sentiment and community hype have a limited lifespan. To put it plainly: when whales want to dump at high levels, they find there aren't enough follow-up traders to absorb the sell-off. The price gets pushed up, but the cost and risk of selling increase instead. When there aren't enough "prey" in the market, any attempt to pump is futile.

For assets driven purely by emotion, during periods of declining liquidity, the risks have completely overshadowed potential gains. Caution is advised.

From a technical perspective, the current situation isn't optimistic either. The price is at 0.1383 USDT, with resistance at 0.154 and support around 0.139. Considering trading strategies, it’s more prudent to short or place pending orders near resistance. If a breakout fails, set stop-loss orders immediately. The market now tests not the upward potential but the management of downward risk.