Will this drop to 105000? If it rebounds to 106500, hurry and run!
Yesterday, the market clearly broke through a key position, and it's highly likely to drop further. Going short now is the safest choice.
The support below is between 104500 and 105000, but don't expect it to hold. The resistance above is between 106500 and 107000; if it hits this position, go short immediately, with a stop-loss set at 109000. If it breaks through, you'll have to admit defeat. For take-profit, first look near 105000—if it reaches this level, reduce your position.
If it actually drops to between 104500 and 105000, you can try going long with a small position, but the stop-loss must be strictly set at 103000; if it breaks this level, cut your position. For take-profit, look at 106000 to 106500; if it reaches this, run away—this kind of rebound could very likely be a trap.
In short, the market is clearly turning weak now, and a bearish trend has formed. Don't go against the trend; focus on short positions, and only play with long positions lightly. Position management must be strict; don't hesitate to stop-loss when it's time.
The next 10x coin, layout made public again, welcome to watch.
