To be honest, this structure doesn’t look very stable. The supply zone above has already clearly pushed the price back, and the trading volume during the rebound is pathetically weak—the bulls obviously can’t hold up anymore. Now the price is stuck grinding below resistance, and selling pressure has actually been quietly accumulating. It’s highly likely we’ll see another test of the lower demand zone. At this stage, it’s often when experienced players start to harvest profits.
Here’s how you can look at the trade: Entry point: 281.45 First target: 264.00 Second target: 246.54 Stop loss set at: 293.09
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
TokenomicsShaman
· 7h ago
Bearish, continue to short
View OriginalReply0
SignatureCollector
· 12-06 17:10
Getting ready to go short.
View OriginalReply0
AirdropSkeptic
· 12-06 17:04
Stay out of the market and wait for another opportunity to enter.
View OriginalReply0
BearMarketSurvivor
· 12-06 17:03
It is recommended to pay more attention to trading volume.
To be honest, this structure doesn’t look very stable. The supply zone above has already clearly pushed the price back, and the trading volume during the rebound is pathetically weak—the bulls obviously can’t hold up anymore. Now the price is stuck grinding below resistance, and selling pressure has actually been quietly accumulating. It’s highly likely we’ll see another test of the lower demand zone. At this stage, it’s often when experienced players start to harvest profits.
Here’s how you can look at the trade:
Entry point: 281.45
First target: 264.00
Second target: 246.54
Stop loss set at: 293.09
#比特币对比代币化黄金 $TAO $VANA