From 0.1827 all the way down to 0.1661—this bearish candle has wiped out the gains from the previous three days. Trading volume is up 40% versus yesterday, but trading value is only up 15%—which suggests the main players are dumping at low levels, and retail investors’ willingness to take the bait is extremely weak. I’m bearish on this trend; don’t hold out hope.
The volume-price structure is very clear: selloff on expanding volume, rebound on contracting volume. Every time the price rebounds to around 0.172, it gets slammed back down. Selling pressure is concentrated in the 0.170–0.175 range. Now the support at 0.166 is precarious; once it breaks, the next target is 0.155. Don’t bottom-fish—wait for confirmation that the price has stabilized.
My trading plan: in the 0.168–0.172 range, you can place a small-position short order, with a stop-loss at 0.178 and take-profit at 0.156. If it breaks directly below 0.166, then wait for a rebound confirmation before chasing the short. Remember: with this kind of coin that drops quietly on contracting volume, the more you rush, the more you lose.
If you get it, you get it—like the post and let me see how many people spotted this trap. Do you think 0.166 can hold? Tell me your thoughts in the comments.
#0G
The volume-price structure is very clear: selloff on expanding volume, rebound on contracting volume. Every time the price rebounds to around 0.172, it gets slammed back down. Selling pressure is concentrated in the 0.170–0.175 range. Now the support at 0.166 is precarious; once it breaks, the next target is 0.155. Don’t bottom-fish—wait for confirmation that the price has stabilized.
My trading plan: in the 0.168–0.172 range, you can place a small-position short order, with a stop-loss at 0.178 and take-profit at 0.156. If it breaks directly below 0.166, then wait for a rebound confirmation before chasing the short. Remember: with this kind of coin that drops quietly on contracting volume, the more you rush, the more you lose.
If you get it, you get it—like the post and let me see how many people spotted this trap. Do you think 0.166 can hold? Tell me your thoughts in the comments.
#0G