$B In the past 24 hours, it fell 13.93%, hitting a low of 0.1654. Around me, my brothers have already received liquidation alert texts, and they still haven’t deleted them. Bearish reasons: 1. The altcoin season hasn’t come; liquidity has been drained, and 0.1755 is only mid-slope. 2. Contract open interest has crashed; the main players’ coins haven’t been fully unloaded, and the short orders below are waiting to bury people. 3. In past price action, after good news is released multiple times, it then dives—this time there’s no bottoming signal. But some people are bullish: 1. Today’s lower wick was 15%; 0.1654 has strong support, and the main players are accumulating. 2. A trading value of 21.9M isn’t small; after a down move on reduced volume, it’s the prelude to a rebound. 3. The broader market’s correction is nearing the end; at this B project price level, there’s a market maker controlling the market. My suggestion: for those with a light position, set a stop-loss at 0.1650. For those with no position, wait until it breaks below 0.16, then cautiously test a long order—don’t bet on a one-way move. If it goes up, take it as 1; if it’s about to collapse, take it as 2.

BTC-1.01%
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