0.14 high position is a cliff, HFT selling pressure alarm, below 0.08 is the safe zone
Today, HFT surged to 0.15088, but significant selling pressure has already appeared above 0.14170, and the daily line is still constrained by the downtrend line.
The so-called stable 0.15000 is actually a weak support, and the 1-hour chart shows that if the 20-period moving average at 0.15088 is lost, it will quickly retrace to 0.0829, while buying interest below 0.075 is sparse, posing a risk of a spike down to 0.068.
The short-term rebound is an opportunity to reduce positions for those trapped at high levels, not a time to establish positions. If you truly believe in its technology, waiting to build positions in batches below 0.08 is the rational approach.
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