【$MINA Signal】Short position + Observe for volume increase during decline
$MINA is experiencing a volume-driven decline, with a daily drop of over 11%. Caution is needed for potential main force distribution or long liquidation causing sustained selling pressure. The current price action shows strong selling pressure, with no effective buying absorption observed.
🎯 Direction: Short position
Market logic: Price rapidly breaks down accompanied by high trading volume, indicating that judgment should be based on open interest. Before clear reversal signals (such as volume-driven lower shadow, hourly demand zone confirmation) appear, the probability of continued downward inertia is high. Currently, it is a phase of risk release, and bottom fishing on the left side is not advisable.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$MINA Signal】Short position + Observe for volume increase during decline
$MINA is experiencing a volume-driven decline, with a daily drop of over 11%. Caution is needed for potential main force distribution or long liquidation causing sustained selling pressure. The current price action shows strong selling pressure, with no effective buying absorption observed.
🎯 Direction: Short position
Market logic: Price rapidly breaks down accompanied by high trading volume, indicating that judgment should be based on open interest. Before clear reversal signals (such as volume-driven lower shadow, hourly demand zone confirmation) appear, the probability of continued downward inertia is high. Currently, it is a phase of risk release, and bottom fishing on the left side is not advisable.
Trade 👇 $MINA
Follow me: Get more real-time analysis and insights into the crypto market!
#Gate广场创作者新春激励 #我的周末交易计划 #GateLive直播挖矿公测开启 #加密市场回调 $BTC $ETH Trading