Let's review the short selling logic of this counterfeit:
1. When I discovered it, it had already dropped from $46 and was hovering around $25. This high-position drop indicator signal indicates that the main upward wave has been completed, entering the trend exhaustion or reversal phase.
2. The overall judgment of the market is bearish; BTC's daily line has broken down, and ETH is distributing chips at a high position, indicating that the market is about to experience a correction. If the overall market starts to weaken, this high beta token is likely to fall first.
3. Small market cap tokens often experience a parabolic trend followed by a deep correction.
Around $25, I decisively opened a short position with 3x leverage, setting the take profit around $14.
No destructive rebound occurred, and the opening position was not broken, indicating that this short logic is valid.
Low leverage + small position + large profit space design
$ETH Just woke up and wanted to say it's safe to get off, damn it, it's sold off again and still dropping. What do you want to do?
Was my firepower yesterday not enough for you? If it’s not enough, I can add some more for you today.
Yesterday during the live stream, they definitely all got a taste of it. Those who made profits from this wave of short positions can like and follow more, so next time they won't get lost.
$SOL SOLUSDC daily level shows a downward trend, MA7, MA25, and MA99 moving averages are all arranged downwards, the price is running below the moving averages, recently touched a low of 120 and rebounded slightly but the strength is insufficient, currently falling back to 131.76. 24h price fluctuation is between 127.88-133.45, trading volume has shrunk, short-term probability continues to show weak fluctuations, with 120 as the key support level. #sol板块
$SOL Dog Zhuang, I can see that you are aiming for 130 again!
If the market breaks below 130 again, I will consider exiting to protect my capital. I've held this position for a long time, and I've already lost over five hundred on fees.
Tomorrow is Monday, and a major direction will be announced. I hope there can be a big correction today #美SEC推动加密创新监管 .
From the daily K-line of ASTER/USDT, the short-term shows weak fluctuations with no clear reversal signals. The price has continuously retreated from the peak of 1.407, and the current price of 0.950 is in the recent low range. The MA7 (0.951) is almost at par with the current price, indicating a stalemate in short-term bullish and bearish battles; the MA25 (1.042) forms pressure above the current price, suggesting that the medium-term trend is still bearish.
In terms of trading volume, the recent trading volume has significantly shrunk compared to the previous period. Insufficient volume means that the current downward momentum has weakened, but there is also a lack of capital to drive upward movement. Additionally, this cryptocurrency has fallen by 3.06% over the past 7 days and 12.04% over the past 30 days, with an overall downward trend. In the short term, it may oscillate and consolidate within the 24-hour high-low price range of 0.943-0.977. If it cannot effectively break through the MA25 resistance level, there is still a risk of further declines.
$JST JST/USDT Daily K-line shows that the current price of 0.03804 is in the pullback phase after a recent peak. The 7-day MA (0.03833) is slightly above the current price, the 25-day MA (0.03897) forms short-term pressure, and the 99-day MA (0.03506) is a strong support level. After rebounding from a low point of 0.02988, the price peaked at 0.045 and then fell back, with trading volume shrinking compared to its peak, indicating a weakening of short-term buying momentum.
If the price can stabilize above the 7-day MA and break through the 25-day MA again, it is highly likely to continue the rebound trend, providing opportunities for swing profits; if it falls below the 99-day MA, the risk of a decline in support levels increases, and cautious positioning is required. The 30-day and 90-day increases are positive, with a warm medium to long-term trend, while short-term attention should be paid to volume.
$ETH All favorable policies have been implemented, and negative factors are coming one after another, yet the market surprisingly hasn't crashed. I suspect the big players are intentionally maintaining a tough stance!
It's possible that they will lure us to around 3500-3650 soon, and then close the door on the bulls, with a super bear market making its appearance!
In any case, I must be 🈳 in the 3400 to 3600 range, even if I get trapped first. Thoughts: short-term bullish, long-term bearish.
From this XPLUS/USDT market chart, the following core information can be observed:
1. Price Trend:
◦ Latest price $0.1612, with a daily decline of 1.65%. Compared to the historical high (visible in the chart at 1.6917), there has been a significant decline, with a 7-day drop of 6.69%, 30-day drop of 76.99%, and a 90-day drop of 95.05%, showing a continuous downward trend.
◦ MA7 ($0.1584), MA25 ($0.1980), and MA99 ($0.4847) are all above the current price, indicating a bearish arrangement in the short-term, medium-term, and long-term moving averages, with a technical bias towards bearishness.
2. Indicator Signals:
◦ In the MACD indicator, DIF (-0.0277) is below DEA (-0.0398). Although the MACD value is positive (0.0031), it remains in a weak range overall, lacking significant rebound momentum.
◦ 24h trading volume 67,281,600 USDT, with no significant increase in volume and no signs of capital entering the market.
3. Order Book:
◦ Sell orders are concentrated in the $0.1612-$0.1613 range, with relatively weak buying support, leading to significant resistance for short-term price increases.
Risk Warning: The price of cryptocurrencies is highly volatile, and this coin shows a long-term downward trend. Investing in such assets requires caution due to the risk of substantial principal loss. It is advisable to make decisions based on your own risk tolerance. #XPL
Beeple's robotic dog attracted a lot of attention at the Basel Art Fair This week, at the Miami Basel Art Fair, Beeple unveiled a new installation piece called 'Regular Animals', which features semi-autonomous humanoid robots wearing silicone masks of figures like Andy Warhol, Pablo Picasso, Elon Musk, Jeff Bezos, and Mark Zuckerberg, wandering around the exhibition. These robots won't stay still: they will take photos of visitors and then (from behind) print out small artworks that match the mask styles of the people in the photos, with some printed works associated with NFTs, allowing buyers to own a certified digital version of the physical printed work.
The dog farm is about to expand, and I think the probability of going up north is greater! Ethereum is consolidating, it depends on the long-short ratio! If it falls again, it will go to 2300, and if it rises, it will go to 3800! After the consolidation ends, if the direction starts opposite to yours, decisively cut losses!
$ETH Dog Dan's market, it's starting to consolidate, brothers, the market has indeed gone crazy these past couple of days, finishing both long and short positions, so I say brothers, opening positions with stop losses is the safest way.
Sigh, getting out of the position seems to be a long way off, and those who haven't followed Ah Yang, please give Ah Yang some attention.