This wave dropping from 0.032 is a volume-driven sell-off. You'll notice that the current rebound strength is very weak, basically just confirming the downtrend. The area around 0.026 above is full of trapped chips, with very high pressure, and the bulls simply cannot break through.
The right side of the V-shaped top is the most aggressive. Once this kind of pattern is confirmed, the downward speed often surprises people. Many like to buy the dip here, but they end up being the ones catching the flying knives.
On the other hand, if you're looking from a short-selling perspective, this is a good opportunity. Set the stop-loss at 0.0285 and let the bullets fly for a while. The target levels are 0.0215 and 0.0185; if the break is decisive, 0.0160 is not a dream. The key is to follow the trend and not fight against it.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
5
Repost
Share
Comment
0/400
just_another_wallet
· 01-12 01:28
The person who threw the flying knife must be feeling pretty bad now; they should have gone short earlier.
---
That 0.026 barrier is really holding strong; what's a rebound?
---
Another A-shaped top, and another wave of bottom-fishing traders about to get liquidated haha.
---
Breaking the level decisively below 0.016 is not a dream, but the premise is surviving until that day.
---
This idea is solid; stop loss at 0.0285, let it fall.
---
Are the bulls still struggling? Wake up, the downtrend has been confirmed.
---
Someone always likes to go against the trend, and then there's no coming back.
---
Looking at the speed of this drop, those who dare to short are actually making money.
---
The selling pace is so obvious, why not run?
---
0.0215, 0.0185, we'll just wait patiently.
View OriginalReply0
GateUser-3824aa38
· 01-10 14:55
Hmm... friends trying to buy the dip might have to eat dirt again this time. The breakdown seems pretty intense, I can see the momentum is quite strong.
View OriginalReply0
MysteryBoxBuster
· 01-10 14:41
All the bottom-fishers are dead; only true warriors still dare to buy now.
View OriginalReply0
CryptoWageSlave
· 01-10 14:41
Bottom-fishing is always for the dead, and this time probably won't be any different
---
If 0.026 can't be broken, keep pushing down, no suspense
---
I've seen many A-shaped tops on the right side, but this time it feels especially fierce
---
The opportunity to short is indeed there, just see who can resist chasing high
---
Such a weak rebound, nine times out of ten it's just a trap to lure more in
---
Set your stop-loss properly, or the flying knives will really cut your hand
---
Following the trend sounds simple, but executing it is a nightmare
---
With so many trapped chips, how can it break through easily
---
0.0160 is not a dream, but once awake, there's no money left
---
Letting bullets fly is indeed reliable, provided there's still ammunition in hand
View OriginalReply0
rugdoc.eth
· 01-10 14:28
This wave is indeed a bit fierce, the 0.026 hurdle is too tough, the bulls really can't handle it.
Those who threw knives in regret, it's still more comfortable to stay bearish.
Targets are 0.0215 and 0.0185, break below will be discussed later.
Don't fight against the trend aggressively, following the downward movement is the safest.
The weak rebound confirms the downtrend; it doesn't want to go up at all.
Set stop-loss at 0.0285, let it crash.
Why are so many still bottom-fishing? The day of cutting losses hasn't come yet.
This trend just makes me want to short; the downward speed often exceeds expectations.
The bulls really have no chance now; all the chips are tightly trapped.
Wait until it breaks 0.0160, it's still early.
Shorting this wave is a must; tighten stop-loss and stay calm.
This wave dropping from 0.032 is a volume-driven sell-off. You'll notice that the current rebound strength is very weak, basically just confirming the downtrend. The area around 0.026 above is full of trapped chips, with very high pressure, and the bulls simply cannot break through.
The right side of the V-shaped top is the most aggressive. Once this kind of pattern is confirmed, the downward speed often surprises people. Many like to buy the dip here, but they end up being the ones catching the flying knives.
On the other hand, if you're looking from a short-selling perspective, this is a good opportunity. Set the stop-loss at 0.0285 and let the bullets fly for a while. The target levels are 0.0215 and 0.0185; if the break is decisive, 0.0160 is not a dream. The key is to follow the trend and not fight against it.