Reason: I'm coming ( current price $0.02806, a nearly 28% pullback from the 24-hour high of $0.039; technical indicators show clear weakness; the long-short ratio has plummeted to 0.36, with short positions totaling )78.2 million( compared to )16.3 million( long positions, a 4.8 times difference, indicating strong institutional selling pressure; although the price has stabilized above the 99-day moving average )0.0229 USD(, the MACD histogram continues to decline, with momentum weakening significantly since the high point; RSI at a neutral level )49.85( suggests market fatigue; liquidity is severely lacking, with a volume of $40.1 million corresponding to only $2.5 million in liquidity, making large trades highly prone to slippage; whale distribution risk is prominent, with supply concentration reaching 63.4%, and smart money has already realized profits of $880,000, with selling pressure potentially erupting at any time; in the short term, watch the key support level at $0.0256, a break below this will accelerate the decline. It is recommended to add to short positions in the $0.027-$0.028 range, with a stop-loss set above the 7-day moving average resistance )0.0302, targeting a drop to $0.023.
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LuckyChange
· 18h ago
It can only be said that the market maker messed up themselves, violently pushing up and then crashing back down. Who would play with the dog market maker? Only fools would take the bait and go short. Those shouting to short might be forcibly squeezed out by the market maker at any moment.
I'm coming Current price 0.02806 short
Reason: I'm coming ( current price $0.02806, a nearly 28% pullback from the 24-hour high of $0.039; technical indicators show clear weakness; the long-short ratio has plummeted to 0.36, with short positions totaling )78.2 million( compared to )16.3 million( long positions, a 4.8 times difference, indicating strong institutional selling pressure; although the price has stabilized above the 99-day moving average )0.0229 USD(, the MACD histogram continues to decline, with momentum weakening significantly since the high point; RSI at a neutral level )49.85( suggests market fatigue; liquidity is severely lacking, with a volume of $40.1 million corresponding to only $2.5 million in liquidity, making large trades highly prone to slippage; whale distribution risk is prominent, with supply concentration reaching 63.4%, and smart money has already realized profits of $880,000, with selling pressure potentially erupting at any time; in the short term, watch the key support level at $0.0256, a break below this will accelerate the decline. It is recommended to add to short positions in the $0.027-$0.028 range, with a stop-loss set above the 7-day moving average resistance )0.0302, targeting a drop to $0.023.