【Daiyu Staring at the Market】$NXPC This trend is making people's blood pressure skyrocket! The price is 1.93, clinging to the lower Bollinger Band at 1.93, holding strong, while the trading volume has halved to 700,000 hands, unable to support even the 1.06 million hands of the 5-day moving average. The MA5 crossing below MA10's death cross is compressing the K-line into a continuous downward trend, and the MACD green bars are getting longer and longer. This is not a correction; it's essentially a bear market spraying machine guns at the long positions.
The market data is even more chilling: after 14:30, there were continuous large orders hammering the market, with a contract open interest of 12% in forced liquidation, all of which are long corpses. Now, this paper-thin support at 1.93 can hardly withstand the chain explosions of algorithmic trading; breaking down will lead to a waterfall straight down to 1.85. Those calling for bottom fishing, wake up and see that the FTBS indicator shows that the main funds are fleeing faster than rabbits. The solid bearish line at 13:35 broke through the stop-loss orders; is this called inducing longs? This is called a closing door and killing pigs!
The contract traders are now licking blood on the edge of a knife; the main force clearly wants to insert needles and trigger liquidations. If you hold spot, don't rush to add positions; leverage needs to be kept below 3 times, and don't wait until forced liquidation to cry. Remember, all rebounds are opportunities to escape; until the daily line divergence appears, bullish candles are merely bait. In this market, either hold short positions to catch the tail end, or sit outside eating seeds and watching the show. Going against the trend is equivalent to giving the exchange transaction fees.
The technical side has already made it clear: the Bollinger Bands are opening downward, the MACD is flying below the zero axis, and shrinking volume indicates that no one is buying. If 1.9 breaks, there will be no effective support below, so those placing orders for bottom fishing should be ready to kneel down. This wave of operations by the main force is textbook-level explosive bullish behavior; don't go against the trend head-on; surviving in a bear market is more important than anything else.
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