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峰哥的交易日记
峰哥的交易日记
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7.3美元的UNI,你敢接吗? 一个月前6.7没人要,9月冲上10.9全网喊“DeFi之王回来了”,现在7.3,你又慌了。就在刚刚,7.8的反抽彻底失败,价格贴着7.0的支撑晃。这波到底是“主升浪前的最后一次洗盘”,还是费用开关的利好已经被吃干净了? 先看表面:利好落地,价格反而跌。 UNI从10月初高点10.9一路回撤到7.0,跌幅约三成。一周前还在9美元,现在7.3,24小时又跌4%。市值46亿,排名30附近。日线RSI 45,超卖已经修复,但价格仍在20日均线下方约17%——技术上不超卖,情绪上很煎熬。 第一件事:UNIfication通过了,然后呢? 2025年12月,治理几乎全票通过费用开关,基金会金库一次性销毁1亿枚UNI。v2、v3、Unichain的手续费开始进入回购销毁。 听着是不是很猛? 但市场已经把这波预期打满了。 单日销毁曾到过3.8万枚,年化一千多万枚。可提案同时给了每年2000万枚的增长预算。销毁是真的,净通缩还没稳定跑出来。 9月冲过10美元,是因为大家在赌“费用开关=无限通缩”。现在回吐到7.3,是因为数据告诉你:日协议费还停在几十万美元,撑不起重新加速。 什么叫“利好出尽”?这就是。 费用开关是真的,但你的幻想跑得比销毁速度快。 第二件事:DeFi龙头的代价,没人告诉你。 Uniswap依然是现货DEX的基本盘。TVL约39.5亿,24小时成交32亿,以太坊主网占七成。v4已经有实质流动性。 但代价是什么? 费用开关一开,LP分成下降。 深度如果被抽走,协议收入也会掉。这是一个微妙的平衡——你要通缩,就得罪做市商;你要深度,就别想烧那么多。 竞争也没停。PancakeSwap在BNB链咬份额,发射台和意图交易在分流零售流量。 Uniswap在以太坊和L2的深度仍是第一档,但第一档不等于躺赢。 日协议费停在几十万美元,回到百万美元级别,销毁故事才有第二轮。现在? 故事还在,数据没跟上。 第三件事:7.3不是安全垫,是支撑上沿。 从9.3跌到7.0,跌了25%。7.8的反抽失败,说明卖方还在。7.3只是贴着7.0需求位晃,还没吞掉7.55。 关键位置: 强支撑:7.00(今天低点+整数关)。日线收破,下一档6.79,再下6.40。 现价区:7.25-7.40。这是中继,不是新的买盘确认。 近端阻力:7.55-7.66。站不回去,7.3就是下跌中继。 强阻力:7.90-8.10。不放量收回8.1,反弹只是修复。 4小时图上,7.0是需求反应位,7.3只是贴着晃。 结构仍是“跌完等确认”,不是“跌完就起飞”。 多空对决,你自己看 一边是: 费用开关已通过,销毁机制真实存在 DeFi龙头地位稳固,TVL和成交量仍是第一档 SMBC Nikko计划2027年前基于v4做受监管DeFi入口 从ATH跌了83%,估值极度压缩 一边是: 净通缩没稳定,日费撑不起加速 LP分成下降,深度可能被抽走 BTC从8.6万回落到8.1-8.3万,山寨跌得更深 美联储加息到3.75-4.00%,偏鹰,风险偏好不足 7.8反抽失败,卖方仍在 关键位置7.3,生死线7.0。 上方阻力:7.55-7.66 → 7.90-8.10 → 8.70-9.30 下方支撑:7.00(铁底)→ 破位看6.79 → 6.40 操作策略 短线多: 等7.00-7.15再次回踩不破,且1小时重新站上7.35,再做。止损6.92下方。第一目标7.55,第二目标7.90。现在7.3直接进,上面7.55就是阻力,盈亏比不够。 突破多: 4小时放量收在7.70上方,再看8.10-8.30。止损回到7.35下方。没放量的假突破不跟。 短线空: 7.55-7.66遇阻、量能跟不上时,轻仓做回落,止损7.75上方,目标7.10/6.95。7.3已经贴近支撑,不适合追空。 波段: 中期逻辑是费用开关+销毁,但净通缩还没稳定。更舒服的位置是7.0-7.15缩量企稳,或者日线收回8.1。若7.0日线收破,中期多头暂停,等6.4-6.8再评估。 铁律: 单币不超过风险资金的5%,杠杆2-3倍封顶。 UNI现在就像2023年的UNI—— 费用开关喊了四年,终于通过了。所有人都在等“通缩起飞”,结果数据告诉你:日费几十万,烧不出你想要的暴富。 不是UNI不行,是你把中期叙事当成了短线催化剂。 7.3是支撑上沿,不是安全垫。先等7.0守住或7.55突破,再动手。 $BTC $ETH $UNI
峰哥的交易日记
峰哥的交易日记
PONS at $0.35, are you ready to bottom-fish? From 0.004 to 0.97, a 240x legend; now at 0.35, down 64%. Daily revenue dropped from 6 million to 240,000, a 90% decline. Still waiting for a rebound? Is this a shakeout or a zeroing out? First glance: down 30% in 7 days, 50% in 30 days, 6%-12% retracement in 24 hours. Market cap 240 million, ranked outside top 120. Futures volume far exceeds spot, price driven entirely by leveraged positions. Funding rate annualized at 11%, longs still paying shorts—people haven’t left, but money is running. First thing: heat fades, revenue collapses. In early September, Robinhood Chain meme frenzy, 25,000 tokens issued daily, platform daily fees hit $6 million, weekly fees once surpassed Pump.fun. Binance Alpha, Binance Futures, Kraken queued for listing, Cumberland and Wintermute invested real money. Market called it "the new launchpad leader." Now? Daily revenue dropped to $240,000, nearly 90% decline. On-chain incentives ended, meme wave cooled, some launchpads suspected of liquidity extraction. Revenue is the lifeblood of launchpad tokens, not KOL hype. Without a new revenue inflection, futures bullishness can’t push back to 0.5. Still waiting for the next meme legend? The legend is over; now it’s about accidents. Second thing: fundamentals are clean, but pricing anchor is fees. PONS has no team allocation, no investor unlocks, fully circulating at TGE, 80% of platform revenue used for buyback and burn, about 32% of supply burned so far. Product is simple: starts with bonding curve, graduates to Uniswap v4, liquidity locked, platform non-custodial. Sounds clean? Yes, but clean doesn’t mean valuable. Launchpad token valuation anchors on fees. At peak, it ranked among top protocol fees network-wide; now daily revenue dropped an order of magnitude, burn rate follows. Price from 0.97 back to 0.35 reflects fundamental cooling, not just a shakeout. Holding concentration moderately high, futures position/market cap ratio high, daily volatility of 10% normal. Taking a launchpad with 90% revenue collapse to compare with Pump.fun’s peak? That’s not value investing, that’s chasing shadows. Third thing: technicals show a downtrend, 0.35 is just consolidation. Daily chart shows downtrend since September high, 0.35 is not a reversal but a downtrend continuation. Strong support: 0.333-0.337. 24-hour and 7-day lows coincide; breaking this likely accelerates decline. Near-term support: 0.345-0.350. Current price is right here, no safety cushion. Near-term resistance: 0.39-0.42. October 8 rebound high and short-term moving averages resist here; failing to reclaim means rebound is just a correction. Strong resistance: 0.50-0.54, then 0.55-0.60 previous platform. Daily volume close above 0.42 needed to target 0.50. On 4-hour chart, 0.33 is demand zone, but rebound hasn’t swallowed 0.39 yet. Structure is "fall then wait for confirmation," not right-side play. Don’t look for bottoms in a downtrend; bottoms are made, not guessed. Bull vs. bear, judge for yourself: Bull side: Fully circulating, no allocation, continuous buyback and burn Binance Futures listing, good liquidity Team mentioned social trading, copy trading, leaderboards 32% burned, supply slowly declining Bear side: Daily revenue dropped from 6 million to 240,000, 90% decline Heat fades, meme cools, liquidity extraction suspected Fed rate hikes to 3.75%-4.00%, minutes hawkish BTC fell from 86,000, altcoins dropped deeper High futures position/market cap ratio, crowded longs, leverage-driven Social trading, copy trading, leaderboards? All just whitepaper hype until implemented. Key levels Resistance above: 0.39-0.42 (reclaim means correction) → 0.50-0.54 → 0.55-0.60 Support below: 0.345-0.350 → 0.333-0.337 (break accelerates) → 0.28-0.30 Trading strategy This is a launchpad token, position size must be small. Single token no more than 2%-3% of risk capital, leverage no more than 3x. Perpetual funding remains positive, overnight long cost not low. Short-term long: Only buy on 0.333-0.340 pullback without break, confirmed by 15-min or 1-hour reclaim of 0.350. Stop loss below 0.328. First target 0.385-0.390, second target 0.42. Risk/reward less than 1:1.5, skip. Breakout long: 4-hour volume close above 0.42, then target 0.50-0.53. Stop loss below 0.39. No volume fake breakouts. Short-term short: 0.39-0.42 resistance with weak volume, light short on pullback, stop loss above 0.435, targets 0.35/0.335. Follow daily trend but high volatility, keep position small. Swing: Mid-term follow revenue only. Daily fees back to million-dollar level and price stabilizes above 0.42, then consider 0.33-0.35 as stage bottom. If revenue shrinks and daily closes below 0.333, next support 0.28-0.30, no bottom-fishing. PONS now is like the last table in a casino that hasn’t cleared— Lights still on, drinks still flowing, but the house is already counting money. Launchpad token lifeblood is fees, not KOL hype. Revenue collapsed, any rebound is an escape opportunity, not a buy-in opportunity. 0.35 is a midpoint, not a bottom. Trying to find value in a launchpad token is like looking for love in a casino. $BTC $ETH $PONS

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