Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$CC The shorting opportunity for CC is actually quite clear. Looking at the chart, the price is oscillating around 0.09, which is a typical distribution pattern. It previously surged to 0.09551 but lacked the strength to go higher. On the 15-minute and 1-hour charts, every time it hits resistance, it gets hammered down. The moving averages are starting to turn downward and cross, and the MACD green bars are emerging, indicating a clear bearish signal.
From a capital perspective, it's even more straightforward. Contract positions are shrinking, large sell orders are frequently smashing the price down, and the big players' short positions are continuously increasing, clearly indicating someone is opportunistically building short positions.
As for the trading approach, focus on the 0.09 level, enter a small short position, and place the stop-loss above 0.092 for safety. The initial target is 0.085. If it really breaks below 0.08, the downside space will open up completely. This kind of sideways distribution pattern should be traded in line with the trend.