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Recently, NAORIS's performance has indeed been worth paying attention to. This coin experienced a violent surge of over 115% in the short term, and from a technical perspective, some warning signals have already appeared.
The profit-taking pile-up has become quite serious, which usually indicates that holders have a strong selling pressure at high levels. Observing the 15-minute K-line, the downward trend is already quite clear, and the bullish momentum is obviously waning.
From a trading perspective, the 0.0517 level might be a noteworthy zone. If choosing to adopt a short position, a stop-loss can be set above 0.06 to handle possible spikes. The target levels are as follows: first focus on the 0.047 price point, then 0.042, and further down to 0.04. If a breakdown really occurs, continuing to hold and betting on a larger decline is not entirely illogical.
When market volatility is so high, you still need to keep your eyes sharp; these technical details often reflect a reversal in advance.
With such obvious profit-taking pressure, the bearish outlook does seem a bit tempting... but I still want to wait and see if it breaks through the 0.04 threshold.
Once again, technical details are reflected in advance. The last time I heard this kind of explanation, my account was directly halved.