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#H Through data analysis from Aice100, it can be seen that when $H price is around $0.12705, the 24-hour price change is -28.68%.
My understanding is that the short-term rapid weakening and the increasing risk of a reversal from high levels are rising.
To talk about risks, 64% of short positions are still profitable. With a funding rate of -0.109%, shorts are clearly covering, and before the weakness ends, don’t rush to buy the dip.
As long as support around $0.12324 remains, $0.13023 will be the next observation point.