yekoi
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Pendle's trading review, tracked for a week, continued to roll over, and the partial short selling basically took up all the downside space from the beginning (17%)
Just look at volume and price, not any other indicators.
Currently in a closed position, waiting for a rebound to go short or to continue shorting after breaking down the support and rebounding.
The specific transaction plan is as follows:
Pendle's historical cycle structure is currently in the right stage of distribution, and at the time of the last rebound, the demand has been greatly reduced compared to the left side of the top. The last remaining chips are sold here. When the main force completes the distribution, the price will fall smoothly. From the current point of view, the decline this week is very smooth, without any rebound in the middle, and no demand is seen entering from the right side here, so 4.8 is unlikely to be support. In the future, it may maintain a small range and have a small rebound to trap the last bit of leeks' demand, and then fall below 4.8 with large volume. The stage position of 3.9 will not be support either. There has been a month of chip turnover there, and the range below is in the median of 2.2-3.4.
Currently in a closed position, waiting for a rebound to go short or to continue shorting after breaking down the support and rebounding.
The specific transaction plan is as follows:
Pendle's historical cycle structure is currently in the right stage of distribution, and at the time of the last rebound, the demand has been greatly reduced compared to the left side of the top. The last remaining chips are sold here. When the main force completes the distribution, the price will fall smoothly. From the current point of view, the decline this week is very smooth, without any rebound in the middle, and no demand is seen entering from the right side here, so 4.8 is unlikely to be support. In the future, it may maintain a small range and have a small rebound to trap the last bit of leeks' demand, and then fall below 4.8 with large volume. The stage position of 3.9 will not be support either. There has been a month of chip turnover there, and the range below is in the median of 2.2-3.4.
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