#数字资产市场观察 DOGE this wave, long positions were played people for suckers a bit badly.
First, let's look at three pieces of data:
First, monitoring tools show that the main funds are continuously flowing out. What does this mean? Large funds are already retreating.
Secondly, the recent liquidation leaderboard has almost been dominated by long positions. The bears don't even need to actively attack; the bulls can't hold on by themselves. The market is weak to this extent, can you imagine?
Thirdly, data from a leading exchange shows that the short positions have surpassed 80%. The direction of smart money voting with their feet is very clear.
So how do you see the market outlook?
If there is a rebound to the range of 0.1500-0.1509 for short-term trading, you can consider going short. Alternatively, wait for it to break below the previous low of 0.1480 and then follow the trend.
However, there is a technical detail to note: the RSI indicator has entered the oversold zone, which theoretically indicates a potential technical rebound. However, in a downtrend, such rebounds are often just a window of opportunity to escape.
Risk control suggestion: Set the stop-loss above 0.1520. If this position is broken, it indicates a wrong judgment, and one should acknowledge it.
Here are a few key price levels to review:
- Resistance for rebound: 0.1500-0.1509
- Breakout confirmation: 0.1480
- Stop loss line: 0.1520
- Downward target: first look at 0.14650, then look at 0.1450
Trading is essentially a game of probabilities. When the market is weak to this extent, it is wiser to go with the trend than to resist it. Remember this: preserving your capital is the qualification to continue playing.
First, let's look at three pieces of data:
First, monitoring tools show that the main funds are continuously flowing out. What does this mean? Large funds are already retreating.
Secondly, the recent liquidation leaderboard has almost been dominated by long positions. The bears don't even need to actively attack; the bulls can't hold on by themselves. The market is weak to this extent, can you imagine?
Thirdly, data from a leading exchange shows that the short positions have surpassed 80%. The direction of smart money voting with their feet is very clear.
So how do you see the market outlook?
If there is a rebound to the range of 0.1500-0.1509 for short-term trading, you can consider going short. Alternatively, wait for it to break below the previous low of 0.1480 and then follow the trend.
However, there is a technical detail to note: the RSI indicator has entered the oversold zone, which theoretically indicates a potential technical rebound. However, in a downtrend, such rebounds are often just a window of opportunity to escape.
Risk control suggestion: Set the stop-loss above 0.1520. If this position is broken, it indicates a wrong judgment, and one should acknowledge it.
Here are a few key price levels to review:
- Resistance for rebound: 0.1500-0.1509
- Breakout confirmation: 0.1480
- Stop loss line: 0.1520
- Downward target: first look at 0.14650, then look at 0.1450
Trading is essentially a game of probabilities. When the market is weak to this extent, it is wiser to go with the trend than to resist it. Remember this: preserving your capital is the qualification to continue playing.
