$OP continues to plunge! Decreasing volume and bearish trends hide deadly traps!
Today's OP trend is a typical main force-controlled bearish decline, with the 4-hour chart continuously dropping. The morning high near 0.55 was directly smashed down to 0.539, and the trading volume is lifeless, a classic decreasing volume bearish decline tactic.
After the MACD double lines crossed to the downside, they lay flat underwater, while the KDJ three lines oscillate below 20, showing no recovery strength in the oversold area. The moving averages MA5 and MA10 are firmly holding down the price, and the lower Bollinger Band is about to be pierced, indicating a standard bearish arrangement.
Occasional small rebounds are merely traps to lure buyers; any slight rebound is met with even harsher selling pressure. The trapped positions above have no intention of breaking even. This position seems unable to fall further, but the main force is adept at boiling frogs in warm water, waiting for retail investors to let down their guard and rush in to bottom-fish before accelerating the drop.
Stay out and watch; never catch falling knives. Oversold rebounds are also fleeting, unable to withstand further bearish declines. Remember, before the main force significantly increases volume to pump, all rebounds are opportunities to escape.
Don't fantasize about going against the trend; surviving in the current trend is the most important. Wait until the volume stabilizes above the 0.55 resistance level before discussing reversals, otherwise just watch the main force continue to manipulate the market.
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