$ETH USDT — Ethereum can’t hold up either; weighted coins are dragged down as well
From 2586, it slid all the way to 2405, then bounced to 2467.19 with weak follow-through. The sell-side ratio is 83.46%, and short-term bears are completely in control. The drop is -4.01%. The daily downtrend is clear; no small bounce can change the structure.
Entry: 2450–2475, take a light position to test a potential rebound
Take profit 1: 2500 · Take profit 2: 2535
Stop loss: 2430
Reason: A falling market is not the same as “it can’t fall further.” Until it holds above 2520 with volume, the current rebound looks more like an oversold repair, not a reversal. Don’t think “it’s already dropped so much” means you should go heavy—markets never provide an “it should stop falling” level.
$ACE USDT — Appears to be slightly up, but weakness is hidden in the details
Up +2.49% on the day, price at 0.17173, but since the high at 0.20242 the high points have continued to trend downward. Buyers are 63.75% yet can’t push price higher; volume is shrinking. A typical case of “looks strong, but can’t move.”
Entry: 0.170–0.173, light position to trade the range
Take profit 1: 0.179 · Take profit 2: 0.185
Stop loss: 0.167
Reason: Turning the number green doesn’t mean the trend is strong. This small bullish candle looks more like a pause during the down move. Consider adding only after it holds above 0.180 and volume increases—don’t let a single-day pump trick you into catching the bag.
$ORCA /USDT — Single-day crash of 17.81%; it has temporarily stabilized after the sell-off, but the risk hasn’t disappeared
From 3.074, it was slammed down to 2.254. The current price is 2.284. There’s almost no meaningful resistance. Sell orders at 53.50% dominate, and capital is clearly exiting. The short-term drop is too large; any recovery needs time and matching volume.
Entry: 2.26–2.30, extremely light position to test a rebound
Take profit 1: 2.42 · Take profit 2: 2.55
Stop loss: 2.22
Reason: It fell fast, so getting back will likely be slow. The first rebound will very likely be hit again—keep your position size small. True stabilization should be confirmed only after it holds above 2.50; don’t go all-in “buy the dip.”
#Binance #ETH
From 2586, it slid all the way to 2405, then bounced to 2467.19 with weak follow-through. The sell-side ratio is 83.46%, and short-term bears are completely in control. The drop is -4.01%. The daily downtrend is clear; no small bounce can change the structure.
Entry: 2450–2475, take a light position to test a potential rebound
Take profit 1: 2500 · Take profit 2: 2535
Stop loss: 2430
Reason: A falling market is not the same as “it can’t fall further.” Until it holds above 2520 with volume, the current rebound looks more like an oversold repair, not a reversal. Don’t think “it’s already dropped so much” means you should go heavy—markets never provide an “it should stop falling” level.
$ACE USDT — Appears to be slightly up, but weakness is hidden in the details
Up +2.49% on the day, price at 0.17173, but since the high at 0.20242 the high points have continued to trend downward. Buyers are 63.75% yet can’t push price higher; volume is shrinking. A typical case of “looks strong, but can’t move.”
Entry: 0.170–0.173, light position to trade the range
Take profit 1: 0.179 · Take profit 2: 0.185
Stop loss: 0.167
Reason: Turning the number green doesn’t mean the trend is strong. This small bullish candle looks more like a pause during the down move. Consider adding only after it holds above 0.180 and volume increases—don’t let a single-day pump trick you into catching the bag.
$ORCA /USDT — Single-day crash of 17.81%; it has temporarily stabilized after the sell-off, but the risk hasn’t disappeared
From 3.074, it was slammed down to 2.254. The current price is 2.284. There’s almost no meaningful resistance. Sell orders at 53.50% dominate, and capital is clearly exiting. The short-term drop is too large; any recovery needs time and matching volume.
Entry: 2.26–2.30, extremely light position to test a rebound
Take profit 1: 2.42 · Take profit 2: 2.55
Stop loss: 2.22
Reason: It fell fast, so getting back will likely be slow. The first rebound will very likely be hit again—keep your position size small. True stabilization should be confirmed only after it holds above 2.50; don’t go all-in “buy the dip.”
#Binance #ETH