$$GUA Did you believe it when it dropped 25% within five minutes? The price at 0.5709 caught many chasing the high off guard, and hitting a 24-hour low of 0.4211 indicates there is actually support below, but be very careful—this could just be a trap before a rebound or a second bottom.

Position profit and loss: I am currently out of the market and observing, but the order book shows a dense trading zone around 0.5709 with 3 million USDT worth of transactions. If this level breaks again, I will consider placing a 10% position around 0.5 to go long, with a stop loss at 0.45 and a take profit at 0.68. If today we can hold above 0.6 and see increased volume pushing higher, I will chase the rally to 0.65, adding 5%, with a stop loss at 0.55 and a take profit at the previous high of 0.78.

Two possible scenarios: 1) A sharp drop followed by a quick rebound from 0.52 back to 0.63, indicating the main force is shaking out and absorbing orders, suitable for light positions on the left side; 2) Continued decline to 0.48 with decreasing volume, showing the bulls are giving up resistance, and we must wait for a confirmed bullish candle before entering. Keep a close eye on 0.55—if it breaks, run; if it holds, bet on a rebound.

Trading suggestion: The current price at 0.5709 is not recommended for direct entry. Either place an order around 0.52 or wait for confirmation above 0.6 on the right side. Keep your position below 15%, set stop loss within 4%, and don’t expect to get rich from bottom-fishing. I usually wait for a 15-minute bullish candle after such a sharp drop before following the trend.

Results will be updated in the comment section.