$JCT · Perpetuals, unusual move watch
The just-completed 5-minute period fell 3.38%, with a trading volume of 1.158 million USDT, 2.78 times that of the preceding period of equal length.
Trading volume rose noticeably during the sharp drop. I’d wait for the sell-off to ease and the price to stabilize before considering a long. A rapid decline doesn’t mean it’s cheap; jumping in now could mistake a brief pause for a recovery.
The slower-moving trend still looks relatively strong, so there’s no need to assume the trend has already reversed. With the short-term plunge clashing with a still-stronger underlying trend, first wait to see whether the price holds after a pullback, then look for a chance to go long.
Before entering, make sure this condition is met:
A 15-minute candle closes above 0.002864 and the price holds that level on a retest; then consider going long. The breakout candle’s volume ratio must also exceed 1.2.
Assuming an entry near 0.002864, set the stop loss at 0.00262314 and the initial target at 0.00334571.
The just-completed 5-minute period fell 3.38%, with a trading volume of 1.158 million USDT, 2.78 times that of the preceding period of equal length.
Trading volume rose noticeably during the sharp drop. I’d wait for the sell-off to ease and the price to stabilize before considering a long. A rapid decline doesn’t mean it’s cheap; jumping in now could mistake a brief pause for a recovery.
The slower-moving trend still looks relatively strong, so there’s no need to assume the trend has already reversed. With the short-term plunge clashing with a still-stronger underlying trend, first wait to see whether the price holds after a pullback, then look for a chance to go long.
Before entering, make sure this condition is met:
A 15-minute candle closes above 0.002864 and the price holds that level on a retest; then consider going long. The breakout candle’s volume ratio must also exceed 1.2.
Assuming an entry near 0.002864, set the stop loss at 0.00262314 and the initial target at 0.00334571.