$$GUA The difference in outcome for 1000U is huge: 0.2734 vs 0.2642, which one do you choose?


The PK battle begins: GUA plunged 19.89% in 24h, low 0.2642, high 0.3709, volume 16.6M. Yesterday longs entering were directly liquidated. Now oscillating around 0.2734, short support at 0.2642, if it breaks, it will drop to 0.24. On the other hand, shorts fully captured this wave, turning 1000U into 1300U+. Data speaks: 24h drop nearly 20%, shorts dominate, rebound is weak.
My judgment: Don't touch longs at this position, risk-reward ratio is too poor. Suggest placing a short order at 0.278-0.28, stop loss at 0.292, take profit at 0.265. Position size not exceeding 2%, don't go heavy to gamble on a rebound. If long positions are trapped, reduce position during the rebound. Once 0.2642 is lost, 1000U turning into 700U is not a dream.
Don't blame me if you choose wrong, I've already entered my short order.
GUA-21.42%
View Original
post-image
post-image
post-image
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
  • Pinned