$龙虾 Preparing for a V-shaped reversal! Buy the dip and go long with the trend
Technically, today’s pullback looks more like a short-term shakeout of speculative positions. After the decline flushed out some of the long positions chasing the rally, some leveraged traders were forced to exit, easing short-term market pressure to some extent.
Liquidation data shows that there are currently around $515,000 worth of positions at risk of liquidation near 0.044, indicating that this area still has room for market activity. Major players are using sharp price swings to clear out weak hands while reigniting market sentiment, laying the groundwork for the next directional move.
In the short term, watch how price holds near 0.044. If capital continues to flow in and the price stabilizes, a rebound and recovery are still possible. However, if support is insufficient, be alert to the risk of a further pullback.
Hao recommends buying the dip, with a target around 0.45–0.46.
$PONS #龙虾
Technically, today’s pullback looks more like a short-term shakeout of speculative positions. After the decline flushed out some of the long positions chasing the rally, some leveraged traders were forced to exit, easing short-term market pressure to some extent.
Liquidation data shows that there are currently around $515,000 worth of positions at risk of liquidation near 0.044, indicating that this area still has room for market activity. Major players are using sharp price swings to clear out weak hands while reigniting market sentiment, laying the groundwork for the next directional move.
In the short term, watch how price holds near 0.044. If capital continues to flow in and the price stabilizes, a rebound and recovery are still possible. However, if support is insufficient, be alert to the risk of a further pullback.
Hao recommends buying the dip, with a target around 0.45–0.46.
$PONS #龙虾