NAORIS's market action in this round is a textbook-level high-altitude dive. Plummeting from a peak of $0.04027, the anticipated 23.19% gain over 30 days instantly evaporated into thin air. The coin price dropped in a straight line to $0.02897 with no support whatsoever. Even with a subsequent minor rebound to $0.03325, the intraday decline remains at a staggering 13.48%.



What's most striking? The trading volume data. 24-hour trading volume exceeded 6.56 million USDT, with trading volume surging to 192 million. As prices fell, volume expanded dramatically—this isn't simply retail panic selling. Major capital is cashing out at high positions, turning the previously established peak into an insurmountable resistance level.

**Key Operational Logic**

Looking to buy the dip? Hold on. If you really want to gamble on a short-term bounce, set your target first before acting: wait for a rebound to the $0.03500-$0.03600 zone before testing with a small position, provided that price can hold above recent key resistance levels. This isn't being overly cautious—it's the foundation for exiting alive.

For shorting, the first target points to $0.03200, the second target to $0.03000. If the downtrend shows no signs of easing, $0.02900 is also within consideration. Set stops at $0.03600. Once this level is breached, the short-term downtrend will likely show signs of relief.

**Current Market Conditions**

To be honest, NAORIS's dive hasn't yet produced a capitulation signal. Longs have failed to establish effective support, and panic sentiment is still spreading. As long as $0.03600 isn't breached, the bearish thesis doesn't need adjusting. For those going long, buying the dip now is basically catching a falling knife—the risk of being caught in the middle is enormous. Those shorting shouldn't blindly chase the decline either; wait for the coin to rebound to resistance levels before entering, which allows for more stable profit-taking.
NAORIS2,75%
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Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
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GateUser-e203ea32
· 01-08 10:04
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