$TAIKO Volume decline of -16.47%, high open interest, showing a main force distribution pattern. Price action indicates persistent selling pressure with no effective buying absorption.
🎯 Direction: Short (Short)
🎯 Entry: 0.1820 - 0.1850
🛑 Stop Loss: 0.1920 (Rigid Stop Loss)
🚀 Target 1: 0.1700
🚀 Target 2: 0.1550
$TAIKO While volume is decreasing, open interest remains high (12.09 million), which aligns with the main force distribution logic of 'price falling, open interest stable,' rather than a simple long liquidation. The price has broken below a key support zone, market sentiment has turned pessimistic, and subsequent selling momentum may continue to be released. A rebound into the entry zone is an ideal shorting opportunity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1 Likes
Reward
1
1
Repost
Share
Comment
0/400
Join111
· 7h ago
Can Bitcoin really drop back to 50,000?
Yesterday, I had a long chat with an old BTC holder.
Not just talk, but someone who has already sold 90% of their position.
【$TAIKO Signal】Short + Volume Breakout
$TAIKO Volume decline of -16.47%, high open interest, showing a main force distribution pattern. Price action indicates persistent selling pressure with no effective buying absorption.
🎯 Direction: Short (Short)
🎯 Entry: 0.1820 - 0.1850
🛑 Stop Loss: 0.1920 (Rigid Stop Loss)
🚀 Target 1: 0.1700
🚀 Target 2: 0.1550
$TAIKO While volume is decreasing, open interest remains high (12.09 million), which aligns with the main force distribution logic of 'price falling, open interest stable,' rather than a simple long liquidation. The price has broken below a key support zone, market sentiment has turned pessimistic, and subsequent selling momentum may continue to be released. A rebound into the entry zone is an ideal shorting opportunity.
Trade here 👇 $TAIKO
---
Follow me: Get more real-time analysis and insights into the crypto market!
#Gate广场创作者新春激励 #内容挖矿焕新公测开启 #中东局势升级 #加密市场结构法案出现转机