$BR
Starting from around 0.31, step-by-step lifting higher, the volume expands moderately. A strong long bullish candle surged to 0.556, with trading volume clearly stacked at high levels. After the surge, it immediately pulled back with a long upper wick; volume also dropped from its peak. This is a typical high-level turnover after a rally. Above it, 0.52-0.53 is a dense trading zone; further up is today’s volume high at 0.556, where sell pressure will be heavy. The first support below is around 0.48. If that breaks, the next stop is 0.45-0.43. Even lower, there’s the daytime step level around 0.40.
On September 20th, there will be an unlock of roughly $17 million. A momentum move driven by low-level holdings plus incoming contract capital.
Personal trading plan: short
Entry: on a rebound into the 0.518-0.528 range. If you see sluggish price action, a long upper wick, or a wide-volume bearish candle, then short.
Stop loss: 0.565
Take profit: first target 0.45, second target 0.38-0.36.
Manage position size well—this kind of coin that doubles in a day will correct quickly.
Don’t hold short positions overnight for too long.
Only consider exiting the short after it breaks above 0.54 and holds steady. If it breaks 0.48, you can add a bit along the move.
Finish the short-term trade and leave—don’t get greedy.
Starting from around 0.31, step-by-step lifting higher, the volume expands moderately. A strong long bullish candle surged to 0.556, with trading volume clearly stacked at high levels. After the surge, it immediately pulled back with a long upper wick; volume also dropped from its peak. This is a typical high-level turnover after a rally. Above it, 0.52-0.53 is a dense trading zone; further up is today’s volume high at 0.556, where sell pressure will be heavy. The first support below is around 0.48. If that breaks, the next stop is 0.45-0.43. Even lower, there’s the daytime step level around 0.40.
On September 20th, there will be an unlock of roughly $17 million. A momentum move driven by low-level holdings plus incoming contract capital.
Personal trading plan: short
Entry: on a rebound into the 0.518-0.528 range. If you see sluggish price action, a long upper wick, or a wide-volume bearish candle, then short.
Stop loss: 0.565
Take profit: first target 0.45, second target 0.38-0.36.
Manage position size well—this kind of coin that doubles in a day will correct quickly.
Don’t hold short positions overnight for too long.
Only consider exiting the short after it breaks above 0.54 and holds steady. If it breaks 0.48, you can add a bit along the move.
Finish the short-term trade and leave—don’t get greedy.