$BOND
I shorted this coin yesterday and hit the stop-loss level. Facing this familiar chart, my heart is filled with complex emotions. Shorting at the price level of 1.451 was almost at the peak of the 1-hour and 4-hour candles, marking a watershed between the bulls and bears. Every attempt at this price point is accompanied by significant changes in trading volume, as if narrating the market's hesitation and struggle.
The relationship between volume and price is particularly important in this decision. As the price approaches 1.451, the trading volume gradually weakens despite a significant increase in price. This indicates that the market is encountering strong resistance at this price level, and the buying power is insufficient to push the price higher. This phenomenon of volume-price divergence often signals a price correction, providing a good opportunity for shorting.
BOUND will be delisted in 4 days, like a time bomb known to everyone, hanging over the market. Investors always look for opportunities to sell before the delisting. This emotional pressure makes it easier for the price to pull back when approaching 1.455, thus creating an excellent opportunity for shorting.
The path of trading is filled with unknowns and challenges. Continue to remain calm and rational, constantly learning and reflecting. I wish everyone finds their own piece of tranquility amidst the waves of the market.