🚨 COOKIE approaches key resistance! Short opportunities emerge? Quick look at the strategy! 🔥
Technical Analysis
• Price Status: Current price 0.1883 is close to the upper Bollinger Band (0.1897), with the Bollinger Band position at 90.13% indicating overbought risk; significantly below MA200 (-8.38%) and holding cost (-6.48%), signs of selling pressure from trapped positions.
• Market Strength: 24h increase of 1.29% but trading volume shrinks (volume ratio 0.73), divergence in volume and price; contract positions decreased by 3.07% over 7 days, long-short ratio suddenly drops to 1.0366, short position dominance.
• Key Levels:
• Resistance: 0.1897 (upper Bollinger Band), 0.20 (psychological level of holding cost)
• Support: 0.1820 (mid Bollinger Band), 0.178 (dense buying area nearby)
• Liquidity Trap: $506k sell orders piled up at 0.8, but far from the current price; nearby sell orders are at a premium of $79k, short-term pressure.
Cycle Judgment: Mid-term rebound in a bear market, following a 20.52% drop over 7 days, a technical recovery, but net capital outflow continues (5-day contracts -$19m), making trend continuation difficult.
Trading Strategy
• Direction: Short on rallies
• Entry: 0.1885 (near current price, overbought area of Bollinger Band)
• Stop Loss: 0.1905 (break above upper band + 0.001 buffer)
• Target: 0.1820 (support at mid band)
• Risk-Reward Ratio: 3.25 ✅
Formula: (0.1885-0.1820)/(0.1905-0.1885)=3.25
⚠️ Risk Warning
• If it breaks 0.1905 with volume, immediately stop loss for short position;
• Position size ≤2% of total capital, avoid low liquidity periods;
• Pay attention to the funding rate turning positive (currently 0.00005) which may trigger a short squeeze.
> Summary: COOKIE is overbought and approaching strong resistance, insufficient volume + short control, recommend shorting at 0.1885, target 0.1820 (risk-reward ratio 3.25), strict stop loss at 0.1905.
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