The current trend has already broken through the previous high, but the momentum is clearly weakening, and on-chain capital inflow is slowing down. This position might be a good opportunity to enter a short position. From a technical perspective, although the price has reached a new high, it lacks subsequent support strength and is unlikely to rise further. Currently, it is recommended to focus on short opportunities, with a target price around the 15 level, and set the take-profit point at twice the profit. On-chain data also confirms this judgment—funds have reached a high level, and subsequent support is limited. Traders interested in this may seize this pullback window and cautiously enter a short position.
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WalletManager
· 20h ago
Hmm... The data is indeed impressive, but I’ve never believed in stories based solely on technical analysis. Keeping the private key secure is the real deal.
Short positions? I choose to stay on the sidelines this time. Until my capital allocation is more optimized, lying low is the most comfortable.
The idea of momentum exhaustion is too absolute; on-chain data can be deceptive, brother.
A new high breakthrough is actually a signal for me to add to my position. Following your approach could easily get you cut.
The take-profit level at 15 is a bit greedy... I haven’t moved a single coin from the multi-signature wallet.
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GasBankrupter
· 01-06 11:18
The new upward momentum has faded. This wave of short positions definitely needs to be bought at the bottom.
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MetaverseVagabond
· 01-05 16:55
Hmm... I've heard of this momentum exhaustion thing too many times, only to get stopped out again. It's hilarious.
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NightAirdropper
· 01-05 16:50
The momentum has run out, to put it simply, there's no more energy. This wave of short positions is indeed interesting. The 15 level looks pretty good, but you need to stick to your take profit and not be greedy.
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ImpermanentPhobia
· 01-05 16:35
Bro, do you still want to push down after hitting a new high? I've heard this trick way too many times.
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AirdropSweaterFan
· 01-05 16:26
Hmm, this wave is indeed a bit weak; the liquidity situation has already peaked.
The current trend has already broken through the previous high, but the momentum is clearly weakening, and on-chain capital inflow is slowing down. This position might be a good opportunity to enter a short position. From a technical perspective, although the price has reached a new high, it lacks subsequent support strength and is unlikely to rise further. Currently, it is recommended to focus on short opportunities, with a target price around the 15 level, and set the take-profit point at twice the profit. On-chain data also confirms this judgment—funds have reached a high level, and subsequent support is limited. Traders interested in this may seize this pullback window and cautiously enter a short position.