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MERL this wave of market movement is worth paying attention to. After a volume-driven decline, a breakdown pattern appeared. Despite holding positions at high levels, the price continued to fall. What is usually hidden behind this? Long positions being liquidated, or major players quietly offloading.
The data makes it clear—daily decline exceeds 17%, and trading volume has significantly increased. This is a typical sign of weakness. On the market chart, selling pressure persists, but no effective buying has been seen to absorb it. When high-position holdings encounter falling prices, it generally indicates two situations: either longs are being liquidated, or large investors are actively offloading.
From a technical perspective, key support levels have been broken, and the downside space has opened up. When a rebound is weak, it’s an opportunity to short.
📊 Trading strategy:
Short position
Entry range: 0.200-0.205
Stop loss set at: 0.215
Target 1: 0.180
Target 2: 0.155
Continue to monitor this coin’s performance. If the volume continues to shrink without a rebound, the downside space could be larger than expected.
Weak rebound is a signal; I believe your short position can make some profit.
Large traders selling off or getting liquidated, I can't control that. Anyway, just follow the volume.
Is the 0.180 target stable? Feels a bit impatient, like trying to catch the bottom.
Holding such a high position but still dropping like this, it's indeed a bit suspicious.
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A 17% drop like this? I already sold out long ago. Why are people still bottom-fishing?
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Holding volume isn't decreasing but increasing, and it still drops like this. Someone is definitely dumping.
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If the support breaks, don't expect a rebound. The space is definitely more than just the target.
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This kind of market is what the main players love most—sucking blood and perfectly harvesting.
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What does a weak rebound indicate? It means no one is optimistic. Keep falling.
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I don't believe 0.2 can hold this position. It's still early to go down.
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I don't care about long positions getting liquidated; I only care about when my principal will also be wiped out.
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Entering a short at 0.200? Bro, your stop-loss setup is as unrealistic as my financial goals.
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Talking with a chart, huh? I just want to ask how many people can really cut losses at 0.215.
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Now it's all about doing short when the rebound is weak; but if the rebound is strong, you still have to cut.
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High holding volume but falling prices—doesn't that just reflect my account? Life is like a coin.
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Every time I see this kind of analysis, I think of one thing: plans can't keep up with changes, and changes can't beat a piece of bad news.
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Target 0.155? Bro, I think your target is more optimistic than the coin's prospects.