$Q failed to hold support; follow the trend and stay bearish
Take a look, guys: $Q spent ages hovering above 0.13 but couldn't break higher. Just now, a huge red candle sent it tumbling, with the low dipping to around 0.111. It's now just barely hovering around 0.120.
This kind of price action shows that the bulls are starting to lose confidence.
It had rallied all the way up from 0.0958 with plenty of momentum, but now it's pulling back after making a high. A bunch of buyers who chased the rally are trapped up top, while holders who are in profit are rushing to get out below. That huge red candle broke through short-term support, showing that the bears are starting to take control.
When a highly speculative coin at elevated levels breaks below its consolidation range, following the trend lower is the way to go. Don't keep thinking about buying the dip.
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Take a look, guys: $Q spent ages hovering above 0.13 but couldn't break higher. Just now, a huge red candle sent it tumbling, with the low dipping to around 0.111. It's now just barely hovering around 0.120.
This kind of price action shows that the bulls are starting to lose confidence.
It had rallied all the way up from 0.0958 with plenty of momentum, but now it's pulling back after making a high. A bunch of buyers who chased the rally are trapped up top, while holders who are in profit are rushing to get out below. That huge red candle broke through short-term support, showing that the bears are starting to take control.
When a highly speculative coin at elevated levels breaks below its consolidation range, following the trend lower is the way to go. Don't keep thinking about buying the dip.
#灰度联合Republic推出三只加密基金