Looking at BREV's candlestick chart, the market maker's manipulation wave is basically in place. Now they are starting to offload assets by riding the heat of the trading competition, plus many participants are doing hedging inside, making the situation complicated. Yesterday, a bunch of people followed the trend to go long, and although there was a small rally, it quickly lost momentum.



Currently, it is recommended to open short positions directly. Keep the leverage around 5x for stability, don't be too greedy. Based on this pace, after the trading competition ends, the price is very likely to fall back to around 0.23. In the short term, it may still follow a downward trend with little room for a rebound.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments