$MARSCOIN broke down and moved lower! Large holders led the way by reversing to short!
From the high of 0.255, it has been sold off all the way down! At present, the large-holder long/short ratio has fallen to 0.75, and smart money has already reversed first.
The previous gains were too large, and profit-taking pressure is heavy. This decline is a correction to the earlier excessive hype. As long as positions do not flow back in massively, bulls will find it very hard to organize an effective counterattack.
Since the trend has turned bad, do not go against it. Focus on shorting opportunities when the rebound is weak, with the target looking at the previous low support! 💰
From the high of 0.255, it has been sold off all the way down! At present, the large-holder long/short ratio has fallen to 0.75, and smart money has already reversed first.
The previous gains were too large, and profit-taking pressure is heavy. This decline is a correction to the earlier excessive hype. As long as positions do not flow back in massively, bulls will find it very hard to organize an effective counterattack.
Since the trend has turned bad, do not go against it. Focus on shorting opportunities when the rebound is weak, with the target looking at the previous low support! 💰