$IP and $KAITO have both entered a downward channel, with daily trading volume shrinking, transitioning from the 1h level to the 4h level downward. The long-to-short ratio is heading towards the 1 line, indicating that more people believe it can still rebound, but the reality is that the rebounds are becoming weaker.
In terms of operations, we continue to hold our short positions and can add to our shorts around the price of IP 0.49. KAITO can be shorted on the rise around 1.7. These two positions are major resistance levels. When the price declines to around 0.44 and 1.5, we can close the added positions to reduce risk, and repeat this operation!
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