$PTB
A long upper shadow indicates heavy sell pressure above. Volume did not die immediately during the decline, and the shorts are still gaining strength.
Personal plan: Short.
Entry: On the rebound to 0.00118–0.00122, short in batches. For the main position, look around 0.00120.
Stop loss: 0.00135
Take profit: First target 0.00095, second target 0.00082.
Don’t take too aggressive a position size—this coin has large slippage and many wick spikes.
If it breaks 0.00100, and accelerates downward, you can add a bit. But the cleaner short entry is when it fails to rebound above 0.00122 and shows a volume-backed stall/hesitation.
If the rebound directly holds above 0.00132, this setup is invalid—don’t hold on stubbornly.
A long upper shadow indicates heavy sell pressure above. Volume did not die immediately during the decline, and the shorts are still gaining strength.
Personal plan: Short.
Entry: On the rebound to 0.00118–0.00122, short in batches. For the main position, look around 0.00120.
Stop loss: 0.00135
Take profit: First target 0.00095, second target 0.00082.
Don’t take too aggressive a position size—this coin has large slippage and many wick spikes.
If it breaks 0.00100, and accelerates downward, you can add a bit. But the cleaner short entry is when it fails to rebound above 0.00122 and shows a volume-backed stall/hesitation.
If the rebound directly holds above 0.00132, this setup is invalid—don’t hold on stubbornly.