Shanzhai coin research and investment are definitely not things you can master just by looking at a few K-line charts.

Many beginners only focus on K-line patterns to make decisions, but honestly, that's just gambling. Trading volume and K-line formations in the market have long been manipulated, and things like volume spikes can be easily faked. To put it plainly, those things that retail investors can understand—like moving averages, patterns, trading volume—are basically all manipulable. That's why some coins seem to be about to take off, but then suddenly get washed out with a counter-move.

So the question is, what should you actually look at to be reliable? Contract open interest is one of the few pieces of real data that retail investors can directly observe. This thing isn't as easy to manipulate; the comparison between long and short positions can truly reflect market sentiment. Unlike K-line charts and trading volume, which can be easily manipulated, contract data is closer to the market's real thoughts.

Researching and investing in shanzhai coins requires considering many dimensions—fundamentals, on-chain data, community enthusiasm, whale movements, and more. But if you only know how to look at superficial technical indicators, you'll be too easily cut. The key is to find data that's hard to fake, verify with multiple dimensions, and not be fooled by a few pretty K-lines.