$TOWNS Watch the long side.



The market is currently oversold, and the funding rate is negative. I think there’s a chance to look for a rebound from the daily timeframe bottom. The entry zone to watch is between 0.001932 and 0.001982. The first target is 0.002096, then 0.002207.

However, pay attention to the risks. The bigger trend is still bearish. If it breaks below 0.001969, it may continue to probe lower; 0.001835 is the defensive bottom. Also, $ZHIPU and $SOXL can be used to look for long opportunities as well. Everyone, control your position sizing—don’t overextend by chasing too much.
TOWNS-9.40%
View Original
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