The short-selling opportunity for layout at $CC is very clear. The price is consolidating around 0.09, which is obviously a selling rhythm. It previously surged to 0.09551 but then lost momentum. At the 15-minute and 1-hour levels, once it hits resistance, it gets pushed down by sell orders. The moving averages are starting to cross downwards, and the green bars of the MACD are also beginning to emerge, indicating the onset of a decline.
On the funding side, it is even more straightforward. The contract open interest is decreasing, and active sell orders occasionally increase, while the short position ratio of large traders continues to rise, clearly indicating that funds are secretly shorting.
In terms of action, just focus on the resistance level of 0.09, short with a light position, and set the stop-loss above 0.092. The initial target is 0.085, and if it breaks below 0.08, then the downward space opens up. In a sideways market for unloading, don't hesitate, go with the trend.
