This upward trend has already run for 155 K-lines, but recent performance has started to show signs of weakness. The price has now broken below the key dynamic tracking line at 0.01374, which is a clear exit signal.
From a technical perspective, support levels are sequentially located at 0.01288, 0.01264, and 0.01243. Currently, no obvious resistance above, but this instead indicates that market participation is decreasing.
The most noteworthy point is that since the high of 0.01438, the price has retraced approximately 5%, and has broken below the dynamic stop-loss reference line. The combination of these two signals indicates that the previous upward momentum has significantly weakened. For traders holding positions, if the price cannot quickly recover above 0.01374, reducing positions or stop-loss may be a more prudent choice. Otherwise, the risk of further testing lower support levels is considerable, and the likelihood of trend reversal is increasing. At this critical juncture, risk management is more important than pursuing gains.
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NeonCollector
· 01-07 12:28
These 155 candlesticks are a bit虚啊, now it looks like a gust of wind...
It's time to test stop-loss discipline again, really, don't wait for it to continue crashing.
Breaking the level is just breaking the level, there's no need to hesitate, timely stop-loss is not shameful.
The 0.01374 line collapsed, and the supports below probably can't hold, why is the risk so high...
After holding out through this market, the momentum just disappeared, a bit speechless.
I'm no longer betting on the direction; at this point, preserving capital is more satisfying than making money.
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RektRecovery
· 01-05 08:49
i saw this collapse coming from a mile away... that double signal breach is textbook pattern. everyone's gonna realize too late that participation died weeks ago lol
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ReverseTrendSister
· 01-05 08:42
You're trying to cut us again, huh? The 155-K-line market was gone just like that. I already said there was a problem with this wave, but you insisted on chasing the high.
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LayoffMiner
· 01-05 08:37
Starting to weaken after 155 candles, this wave indeed feels a bit like the last gasp... Falling below 0.01374 really requires serious consideration.
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JustAnotherWallet
· 01-05 08:31
155 candlesticks have completed, now it's time to wake up... Don't hold on stubbornly if 0.01374 breaks.
This upward trend has already run for 155 K-lines, but recent performance has started to show signs of weakness. The price has now broken below the key dynamic tracking line at 0.01374, which is a clear exit signal.
From a technical perspective, support levels are sequentially located at 0.01288, 0.01264, and 0.01243. Currently, no obvious resistance above, but this instead indicates that market participation is decreasing.
The most noteworthy point is that since the high of 0.01438, the price has retraced approximately 5%, and has broken below the dynamic stop-loss reference line. The combination of these two signals indicates that the previous upward momentum has significantly weakened. For traders holding positions, if the price cannot quickly recover above 0.01374, reducing positions or stop-loss may be a more prudent choice. Otherwise, the risk of further testing lower support levels is considerable, and the likelihood of trend reversal is increasing. At this critical juncture, risk management is more important than pursuing gains.