$CC This market movement indeed warrants caution. The rally from 0.05 to 0.17 represents more than a 3x gain, which has completely exhausted the upward momentum. At current levels, things appear somewhat fragile.

The daily chart signals are quite clear—a downtrend has been initiated, and key support levels are about to be broken. This is actually an opportune window for shorting.

Notably, a major exchange hasn't yet launched spot trading for this contract, meaning liquidity is concentrated and volatility potential is maximized. Setting up a position with low leverage aligns well with both technical analysis and risk-reward ratio. There's no need to rush at current levels; waiting for support to be confirmed broken before entering would be more prudent.