Core data quick read:
Current price: 0.1023
Stuck at a key position! Firmly nailed above the Fibonacci 50% level (0.1014), but the strong pressure is right above at 61.8% (0.1068), a bull-bear meat grinder!
Main force order secrets:
Sell orders pile up like a mountain above! The range from 0.1070 to 0.1200 is filled with selling pressure (especially at 0.1150 and 0.1121 with large orders), the main force's intention to sell is obvious!
Weak buy orders below! Support is concentrated at 0.1019-0.1025 (retail investors bottom-fishing?), but there is almost no defense below 0.1000, breaking this level leads to a deep abyss!
Transaction reveal:
Large transactions lean bearish! The latest large orders are concentrated at 0.1023-0.1025 (selling pressure active), and the buy volume is weak (the buy ratio +0.39% is unconvincing).
Market outlook (two scenarios):
Scenario one: continue to fall (70% probability)
The resistance level is unbreakable:
0.1068 (61.8%) is the iron top, compounded by selling pressure from main force above 0.1070, it won't move without huge volume!
Support is precarious:
The 50% level (0.1014) is the last line of defense, once broken, it will head straight for 38.2% (0.0961) or even 0.0900!
Main force motivation is impure:
High-level sell orders + large transactions, reminiscent of the 'pump and dump' strategy!
Scenario two: violent surge (30% probability)
The only hope: emotional reversal!
Unless there is an unexpected good news (such as project cooperation, exchange listing), or a massive surge in BTC market, it is hard to break through heavy pressure.
Key signal: breakout with volume above 0.1068!
If massive buy orders eat up the sell orders above, it can confirm the main force has ended the washout, targeting 0.1145 (78.6%).
Operation strategy:
Don't chase the price at the current level!
Mixed battle around 0.1023, extremely low cost-effectiveness, better to miss out!
Keep a close eye on support at 0.1014!
If it breaks down with volume, decisively cut losses, looking down towards 0.096!
Chase after breaking 0.1068!
Follow up during volume-driven breakthroughs, quick in and out to catch the rises!
Beware of 'pin bar and door'!
The main force often uses a rapid pull to explode shorts and then dumps, don't be greedy with orders!
Conclusion:
The 'bull-bear meat grinder' is starting! Are you waiting to bottom-fish at 0.1014 or chasing after the breakout at 0.1068?
Bullish: Main force is washing out, about to surge!
Bearish: The baiting is complete, a waterfall is imminent!
Give the iron eagle some attention, real-time monitoring of KMD's latest movements, refuse to be a retail investor!