Missed today's market session, and there was a chance to re-enter the short position. Looking at this chart makes it clear—after the rebound touched the upward trendline, it was suppressed, and the trend continues downward.
The current technical situation is that the $2 level is very critical. From the current pattern, the downtrend may not be fully developed yet. There is obvious resistance above, and the rebound space is limited; each rally faces selling pressure.
At this pace, the outlook remains bearish. Unless the upward trendline is broken and stabilized, the medium-term trend remains downward. Those looking to bottom fish should wait for signals and avoid blindly entering.
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ZenZKPlayer
· 12-26 17:58
Oh no, missed it again. The $2 level is really interesting.
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Rebound gets suppressed again. I've seen this rhythm too many times.
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Don't expect to bottom out without breaking the trend line. Just wait patiently for a signal.
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Always say it's bearish, but then it rebounds. Truly incredible.
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The $2 resistance is so strong, it feels like it still has to go lower.
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Missing out is okay; it's better than blindly jumping in.
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If I can't get past the trend line, I won't move.
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WhaleMinion
· 12-26 15:52
Missed again and again, I'm just a trader destined to watch the market
Wait, is 2 dollars really the bottom? Feels like it can still break lower
Trying to catch the bottom is really a bad mindset; you need to wait for a breakdown signal
This wave down, there will probably be a bunch of people cutting losses again
Don't think about trying to catch a rebound unless the trend reverses
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GateUser-beba108d
· 12-26 15:51
Missed it again and again, really, just a little short every time.
2 dollars is really the life-and-death line; if it drops further, I’ll have to wait for a signal.
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LiquidityWitch
· 12-26 15:50
The 2-dollar mark is really crucial. Going further might lead to a direct break below. It still feels like it hasn't bottomed out yet.
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PhantomMiner
· 12-26 15:41
It's really crucial to hold the 2 yuan level, otherwise it will break directly.
It's the rhythm of rebounding and getting hammered again; you really need to wait for a bottom.
If you miss it, just miss it. Anyway, moving recklessly before the signal appears is just giving away money.
Missed today's market session, and there was a chance to re-enter the short position. Looking at this chart makes it clear—after the rebound touched the upward trendline, it was suppressed, and the trend continues downward.
The current technical situation is that the $2 level is very critical. From the current pattern, the downtrend may not be fully developed yet. There is obvious resistance above, and the rebound space is limited; each rally faces selling pressure.
At this pace, the outlook remains bearish. Unless the upward trendline is broken and stabilized, the medium-term trend remains downward. Those looking to bottom fish should wait for signals and avoid blindly entering.