0G has experienced a significant upward movement in the past 8 hours, and traders who went long have already gained over 25 points.
The current situation is as follows: the current price is hovering around 1.06, and the 1-hour candlestick is beginning to encounter obvious resistance. From the chart, the double top pattern is already quite clear, which usually indicates a weakening of upward momentum.
The technical signals suggest considering a short position. It is recommended to start with 10% of your position at market price without overthinking the entry point. If the price spikes upward afterward, you can add more short positions above 1.2. The overall approach is to layer short positions, quickly follow the current price with market orders, so as not to miss this counter-trend opportunity.
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digital_archaeologist
· 12-28 12:03
The double top rhetoric has been heard too many times. Can it really break down this time?
25 points is not bad. Is someone still greedy and wants more, haha?
Layered shorting sounds pretty stable, but I'm worried about a sudden spike causing a massive order.
The space from 1.06 to 1.2 is so large, it feels risky.
Friends who are shorting, have you bottomed out in this wave? Did anyone get caught off guard?
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AirdropBlackHole
· 12-27 04:22
Double top is coming, you can't miss this short position
It indeed topped at 1.06, I also saw that resistance
Go directly with market orders, don't wait, the reversal opportunity comes suddenly
A 25-point profit without protection could lead to heavy losses
I approve of layering short positions; add another lot at 1.2 for safety
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AirdropHermit
· 12-25 20:52
Double top has appeared again, this time really going to turn around
Cashing in 25 points should be satisfying; greed can easily lead to a reversal
I think chasing short at 1.2 is okay, just worried about trap needles and fake lines
Should have shorted earlier, why wait now?
This reversal opportunity is indeed good, just see who can hold on
View OriginalReply0
ProposalDetective
· 12-25 20:50
Run at just 25 points? Greed is never satisfied, the snake swallows the elephant.
The double top is indeed eye-catching, but it's hard to say how far this wave can go.
Going short with a backhand takes some courage; I'm still watching...
The 1.06 level is really tough to break through.
Hopefully, this isn't another false breakout.
Shorts depend on whether it truly breaks support; otherwise, cutting losses isn't worth it.
Scaling into shorts sounds good, but I'm just worried about a rebound hitting back.
View OriginalReply0
ZenMiner
· 12-25 20:46
Double top is so obvious, no regrets about shorting
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Thinking of running at 25 points? I think there's still hope
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Layered shorting is a familiar tactic, just worried about sudden spikes hurting
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The 1.06 level does feel a bit weak
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After going long and being full, it's time to take profits, don't be greedy
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Wait for the spike to 1.2 before chasing, be more cautious
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This reversal came a bit quickly, be careful
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With such obvious resistance, who still dares to chase longs? Just reverse and short
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Entering at market price without overthinking the entry point, I like this rhythm
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Once the double top appears, the bulls should admit defeat
View OriginalReply0
MEVvictim
· 12-25 20:41
Double top has appeared, this time it's the bears' turn to perform.
25 points are not enough, going short again is the way to go.
1.06 is stuck, I see a cliff... layered short positions are coming, don't be soft.
Pushed to 1.2, chase directly, this wave is definitely a reverse move.
Took the bulls' profits, now it's time to harvest a wave haha.
View OriginalReply0
HalfPositionRunner
· 12-25 20:30
Double top has appeared, this wave still looks bearish.
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Take profit at 25 points, greed doesn't end well.
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Buy at market price directly? I’d rather wait and see, afraid of being smashed.
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The idea of chasing a short at 1.2 is good, layered trading is indeed more stable.
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The reversal opportunity has indeed arrived, just worried it might be a repeated pattern.
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If it can't break 1.06 this time, it will be uncomfortable.
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Before shorting, check if there are any major news, don't get smashed.
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I agree with layered trading, but still need to be cautious.
0G has experienced a significant upward movement in the past 8 hours, and traders who went long have already gained over 25 points.
The current situation is as follows: the current price is hovering around 1.06, and the 1-hour candlestick is beginning to encounter obvious resistance. From the chart, the double top pattern is already quite clear, which usually indicates a weakening of upward momentum.
The technical signals suggest considering a short position. It is recommended to start with 10% of your position at market price without overthinking the entry point. If the price spikes upward afterward, you can add more short positions above 1.2. The overall approach is to layer short positions, quickly follow the current price with market orders, so as not to miss this counter-trend opportunity.