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$EDEN The popularity over the past two days has been quite high. A lot of fans are asking Brother Kai to talk about the upcoming trend and direction. Brother Kai’s current personal stance is: short
The current market is at the end of a clear but extremely overbought uptrend. All technical indicators are showing strong overbought signals and warnings of a pullback. There is also divergence between volume and price, and short-term funds have started to flow out
Although the trend is still bullish, from a risk-reward perspective, chasing the up move at this point is extremely risky. Taking a short position against the trend offers a more attractive opportunity
For the more aggressive brothers, you can try a light short position now. For the more conservative brothers, you can wait for the price to rebound to the 0.084-0.086 range. But in any case, be sure to manage your position well and pay attention to changes in trading volume
In this circle, there is no absolute direction—only relatively small risks. Follow Brother Kai; Zhuye find me to bring you good direct-sale grandnephews!