Market Update – Strong Selling Pressures
The market is under severe pressure, with sharp losses among the biggest losers across all sectors.
Fierce selling dominates the scene, and the downward trend is fully prevailing without any corrective rebound so far.
Major losses:
$RIVER -40.50%
1000$CHEEMS -25.07%
$ELSA -23.41%
$ENSO
-22.00%
$SYN -21.70%
$PIPPIN
-21.27%
Binance Life -20.92%
$YB -19.64%
$SPACE -19.28%
$NOM -18.56%
$AIA -18.24%
$MERL -17.58%
$WLFI
-16.70%
Comment:
We are witnessing intensive selling in the perpetual contracts markets, with a clear panic and liquidation pressure. There is no clear confirmation of support areas so far. The trend remains strongly bearish until the market structure changes. It is advised to avoid random entry into buy trades, and focus only on sell trades at rebounds with strict risk management.