$VINE Short-term rebound, contract funds continue to flow out, beware of a pullback after a rise
Short-term trend: The current price of $0.04 has broken through the resistance level of $0.026-$0.027, but if it cannot gain volume support in the range of $0.039-$0.041, one should be cautious of a pullback to the support area of $0.033-$0.035; if the market breaks through the resistance level of $0.044-$0.045 with volume later on, there will be an opportunity to test $0.050-$0.055.
Capital flow data shows:
Contract funds: Short cycle (15 minutes to 12 hours) is continuously net flowing out ($1.35M in 15 minutes, $241.25K in 1 hour), indicating that short-term selling pressure still exists; long cycle (2 days to 60 days) is also net flowing out ($1.54M in 2 days, $28.39M in 60 days), selling pressure continues to accumulate, and there is no significant reinforcement from bullish funds.
Operation suggestion: Avoid blindly chasing highs, as contract funds are continuously flowing out. Conservative investors may wait for the outflow of funds to slow down, the price to stabilize, or for a breakout above $0.045 before considering entering the market in batches.
