$AZTEC Major Pullback Reason Analysis 📉
The privacy sector has recently faced overall pressure, compounded by a decline in market risk appetite, with tokens like $AZTEC , which have low liquidity, being the first to suffer. From the 15-minute candlestick chart, the proportion of consecutive bearish candlesticks exceeds 45%, accompanied by increased volume (as seen in candlestick 2), indicating a concentrated release of selling pressure. Currently, the price is fluctuating narrowly around 0.0192, with volatility shrinking to 0.05%, caution is needed for a potential trend change.
Short-term Trading Strategy 🎯
1️⃣ Bearish Outlook: If the price cannot stabilize above 0.0195 (recent minor resistance level), consider light shorting with a target of 0.0185.
2️⃣ Key Risk Control: Strictly set stop-loss above 0.0202, with recent maximum volatility reaching 2.1%, to prevent sudden rebounds!
3️⃣ Long Signal: Only consider short-term longs if there is a volume breakout above 0.020 and it stabilizes, with quick entry and exit.
The current market state is labeled as "normal volatility," but the proportion of bullish and bearish candlesticks is generally small, indicating fierce competition between bulls and bears, with direction unclear. It is advisable to reduce leverage and mainly observe!🔍
#AZTEC