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EPT this wave of market movement can be described as a roller coaster ride, from the bottom at $0.001972 straight up to the high point of $0.002250. Many retail investors watched this momentum and followed suit, thinking a new main upward wave was about to start. However, just after breaking above the high, the main funds began to massively sell off and escape, causing the price to suddenly reverse and plummet, quickly falling back to $0.002062, with more than half of the previous gains wiped out. The most heartbreaking part is that the 24-hour trading volume is only 1,329,700 USDT, indicating that new funds have no intention of taking over—this is not a simple correction, but clear evidence that the bullish momentum has been completely exhausted.
**Operational Suggestions**
**Entry Zone**: Don’t rush to buy the dip. If you really want to bet on a rebound, wait until the price rebounds to the resistance area of $0.00210-$0.00215, then try a small position. Alternatively, a safer approach is to wait until it stabilizes above $0.00215 before considering entering.
**Take Profit Levels**: For short positions, target the first at $0.00200, and the second at $0.00198. If the downward momentum continues, $0.00195 is also within expectations.
**Stop Loss Setup**: Place your stop loss at $0.00215. Once the price breaks this level, the short-term downtrend is likely to reverse.
From the current pattern, the downward trend of EPT is far from over, and there’s no sign of a solid bullish takeover in the market. As long as it doesn’t break the $0.00215 stop loss line, there’s no need to change the bearish outlook. Those looking to go long should definitely avoid impulsively buying the dip now—entering at this point is no different from taking a flying knife. Short sellers should also avoid greedily chasing the short; wait until the price rebounds to resistance levels before entering, so you can reliably capture the profits from this decline.