Bear Flags and Descending Pennants
Example coins: $NEAR , AERO, and SUI. All three share these characteristics: after a steep 10-day decline, they staged a modest rebound on lower volume, which fizzled near the 4-hour EMA20. This fits the short-selling setup where the lower the rebound volume, the better. Note that NEAR and SUI are still below the 4-hour EMA50, making these trend-following shorts. NEAR’s daily relative strength is fair (down 8.53% over 30 days), so it is suitable only for very short-term trades.
NEAR: $4.528, up 0.62% in 24 hours. The flagpole was a 22% decline from $5.451 to $4.25, followed by a 7.6% rebound from $4.25 to $4.574, with a volume ratio of 0.76; the rebound stalled below the 4-hour EMA20 ($4.646). Resistance is at $4.646 and $4.994 (MA20); support is at $4.25 and $3.9. Short near the end of the rebound, with a stop-loss above $4.65. A break below $4.25 could accelerate the decline, with a target of $3.9.
$AERO : $0.6948, down 25.92% over 10 days. The flagpole was a 32% decline from $0.9807 to $0.6671, followed by a rebound only to $0.7093, with a volume ratio of 0.87. The 4-hour EMA20 ($0.7312) is acting as clear resistance. Resistance is at $0.7312 and $0.8007; support is at $0.6671 and $0.62. Arthur Hayes’s sale of 546,600 AERO tokens is a direct catalyst. Until the selling pressure is exhausted, every rebound is a shorting opportunity.
$SUI : $0.9187, down 2.13% in 24 hours and 23.11% over 30 days. The flagpole was a 15% decline from $1.0615 to $0.904, followed by a rebound to $0.9427, with a volume ratio of 0.69. Resistance is at $0.9595 and $1.032 (MA20); support is at $0.904 and $0.85. The MoveVM exploit incident (Initia) is weighing on sentiment toward SUI, which shares the same ecosystem.
Example coins: $NEAR , AERO, and SUI. All three share these characteristics: after a steep 10-day decline, they staged a modest rebound on lower volume, which fizzled near the 4-hour EMA20. This fits the short-selling setup where the lower the rebound volume, the better. Note that NEAR and SUI are still below the 4-hour EMA50, making these trend-following shorts. NEAR’s daily relative strength is fair (down 8.53% over 30 days), so it is suitable only for very short-term trades.
NEAR: $4.528, up 0.62% in 24 hours. The flagpole was a 22% decline from $5.451 to $4.25, followed by a 7.6% rebound from $4.25 to $4.574, with a volume ratio of 0.76; the rebound stalled below the 4-hour EMA20 ($4.646). Resistance is at $4.646 and $4.994 (MA20); support is at $4.25 and $3.9. Short near the end of the rebound, with a stop-loss above $4.65. A break below $4.25 could accelerate the decline, with a target of $3.9.
$AERO : $0.6948, down 25.92% over 10 days. The flagpole was a 32% decline from $0.9807 to $0.6671, followed by a rebound only to $0.7093, with a volume ratio of 0.87. The 4-hour EMA20 ($0.7312) is acting as clear resistance. Resistance is at $0.7312 and $0.8007; support is at $0.6671 and $0.62. Arthur Hayes’s sale of 546,600 AERO tokens is a direct catalyst. Until the selling pressure is exhausted, every rebound is a shorting opportunity.
$SUI : $0.9187, down 2.13% in 24 hours and 23.11% over 30 days. The flagpole was a 15% decline from $1.0615 to $0.904, followed by a rebound to $0.9427, with a volume ratio of 0.69. Resistance is at $0.9595 and $1.032 (MA20); support is at $0.904 and $0.85. The MoveVM exploit incident (Initia) is weighing on sentiment toward SUI, which shares the same ecosystem.