What are you waiting for? When will the high position be empty???
$BAS is bearish! K's three major reasons for choosing to short:
1. High-risk warning and insufficient fundamental support
BAS is clearly marked as "high risk." The virtual currency market itself is full of variables, and being marked high risk means the potential risks are extremely high. Currently, BAS lacks solid fundamental support. The recent surge has reached a pressure point!
2. Abnormal short-term rise, potential speculative bubble
BAS has seen a significant rise in a short period, with exaggerated gains over 24 hours and 1 week. Such a rapid increase in a short time is likely the result of market speculation. Some players or institutions may use various means to inflate prices, attracting retail investors to follow the trend. We need to think in reverse and avoid FOMO!
3. Market trend and capital flow analysis
Observing the overall market trend, the current cryptocurrency market environment is complex, with increased uncertainty. Although BAS has a certain trading volume, in-depth analysis from the perspective of capital flow does not show signs of sustained and stable large capital inflows to support its long-term price increase. On the contrary, short-term trading data may only reflect part of the capital engaged in short-term speculation; once this capital withdraws, BAS's price will inevitably struggle to maintain.
K's several hours of market tracking and technical analysis each day, along with some research on news and strong altcoins, can provide you with excellent strategies. If you're feeling lost, it's better to follow my thoughts!
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