$FUN The life-and-death line is in jeopardy! The technical faction collectively sings bearish but hides the main force's plot to lure shorts?
The one-hour chart shows a very weak trend, opening at 0.010216 and continuously dropping, hitting a low of 0.010081 and finally closing at 0.010121.
Today it fell by 1%, with a fluctuation of 1.4%. Bears are completely in control, and the lower MA7 is about 0.010018, barely holding on.
However, the MA30 above is firmly pressing down at 0.010709, making it very difficult to break through this level of resistance. Compared to the previous high of 0.014, the current price is just a fraction. There are clear signs of withdrawal of main funds.
The trading volume is even more dismal, currently just over 500 million, far from the five-day average of 2.5 billion and the ten-day average of 3.3 billion. No one in the market dares to take on the goods; there’s really no hope for this kind of market in the short term.
We must closely monitor the 0.01000 life-and-death line. Once it falls below, the consequences will be very serious. My personal view is that the risk is extremely high.
Going to the bottom now is just asking for trouble. The real safety strategy is to observe from the sidelines. Wait until you see a significant increase in trading volume and the price really rises before making plans. The key support is firmly at 0.010000. To move upwards, it must first break through 0.010300 before discussing further.
Are you stuck? When to buy the dip? It’s the same old story: feeling lost and helpless, not knowing what to do, click on my profile and follow me. I need fans, and you need references; random guessing is not as good as following!
#Strategy增持比特币 #币安Alpha上新 #加密市场反弹
The one-hour chart shows a very weak trend, opening at 0.010216 and continuously dropping, hitting a low of 0.010081 and finally closing at 0.010121.
Today it fell by 1%, with a fluctuation of 1.4%. Bears are completely in control, and the lower MA7 is about 0.010018, barely holding on.
However, the MA30 above is firmly pressing down at 0.010709, making it very difficult to break through this level of resistance. Compared to the previous high of 0.014, the current price is just a fraction. There are clear signs of withdrawal of main funds.
The trading volume is even more dismal, currently just over 500 million, far from the five-day average of 2.5 billion and the ten-day average of 3.3 billion. No one in the market dares to take on the goods; there’s really no hope for this kind of market in the short term.
We must closely monitor the 0.01000 life-and-death line. Once it falls below, the consequences will be very serious. My personal view is that the risk is extremely high.
Going to the bottom now is just asking for trouble. The real safety strategy is to observe from the sidelines. Wait until you see a significant increase in trading volume and the price really rises before making plans. The key support is firmly at 0.010000. To move upwards, it must first break through 0.010300 before discussing further.
Are you stuck? When to buy the dip? It’s the same old story: feeling lost and helpless, not knowing what to do, click on my profile and follow me. I need fans, and you need references; random guessing is not as good as following!
#Strategy增持比特币 #币安Alpha上新 #加密市场反弹
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FUN
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