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VC coin trend is down, help grandma down the stairs 👇 short immediately ❗️ $COW
After years of struggling in the cryptocurrency market, I deeply understand the principle that "a surge must be followed by a crash." I remember participating in multiple DeFi project investments in 2021, witnessing the entire process of many projects falling from sky-high prices. Seeing COW's surge followed by continuous decline reminds me of those valuable lessons.
Technical alert:
1. Downtrend is obvious:
- 24-hour drop of 19.42%
- Significantly dropped from the high of 0.7729
- MA7 (0.4640) breaks below MA25 (0.4882), forming a death cross
2. Trading data:
- 24-hour trading volume 115 million
- Trading volume 53.21 million USDT
- Volume continues to shrink, selling pressure is evident
Short logic:
1. Technical analysis:
- Moving average system in bearish arrangement
- Trading volume continues to shrink
- Downtrend confirmed
2. Market psychology:
- Panic sentiment spreads
- Profit-taking continues to exit
- Confidence severely undermined
Target management:
1. First target: 0.35
2. Secondary target: 0.30
3. Final target: 0.25