CC quickly retreated from the high of 0.106, and the short-term rhythm has already changed. Looking at the 15-minute and 1-hour charts, the pattern of a sharp rise followed by a pullback is very clear. The MACD red histogram is continuously shrinking, and the bullish momentum is obviously diminishing.
The market sentiment is also telling a story. The number of accounts with no positions and the proportion of open interest are both rising. Signs of active selling at high levels are evident, with volume expanding downward, and bears are gradually taking control of the short-term rhythm. This is a typical bearish opportunity after a rebound.
The current price at 0.10018 can consider a light short position, with a stop-loss set at 0.102 (if there's an effective breakout, quickly exit to avoid the risk of a bullish rebound). The first target is 0.095; if broken, then continue to watch the 0.090 support. The entire process should involve phased position building, strict stop-losses, and especially be cautious of potential trap waves caused by oversold conditions—these are the easiest times to get caught.
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LuckySonLin888
· 4h ago
Taking off
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FlatlineTrader
· 5h ago
0.106 that line collapsed too quickly, the bulls are indeed a bit exhausted
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StrawberryIce
· 5h ago
Hmm, it's the same old trick again—selling pressure from high levels pushing down, with the story of the short sellers catching the bag.
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DegenDreamer
· 5h ago
The short position is a done deal, but don't be greedy, buddy.
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BrokenRugs
· 5h ago
Oh no, another high-altitude dominance strategy. I really lost out because I didn't set my stop-loss properly this time.
CC quickly retreated from the high of 0.106, and the short-term rhythm has already changed. Looking at the 15-minute and 1-hour charts, the pattern of a sharp rise followed by a pullback is very clear. The MACD red histogram is continuously shrinking, and the bullish momentum is obviously diminishing.
The market sentiment is also telling a story. The number of accounts with no positions and the proportion of open interest are both rising. Signs of active selling at high levels are evident, with volume expanding downward, and bears are gradually taking control of the short-term rhythm. This is a typical bearish opportunity after a rebound.
The current price at 0.10018 can consider a light short position, with a stop-loss set at 0.102 (if there's an effective breakout, quickly exit to avoid the risk of a bullish rebound). The first target is 0.095; if broken, then continue to watch the 0.090 support. The entire process should involve phased position building, strict stop-losses, and especially be cautious of potential trap waves caused by oversold conditions—these are the easiest times to get caught.