On-chain data shows that funds are continuously flowing out, which likely means whales are quietly selling off. Looking at the candlestick pattern, it's a typical stair-step decline, dropping one level after another. Personally, I think the next support might be around 0.015, and I've already opened a heavy short position.
But risk control is still crucial. I've set my stop-loss at the key resistance level above. When market sentiment is this fragile, don't try to tough it out; protecting your principal is the most important thing.
What do you all think about this market move? Any different perspectives?
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zkNoob
· 12-06 03:31
It looks like it's about to hit a new low again. My short position is crying.
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GasFeeCry
· 12-06 03:31
Heavily short, bro, you're really brave.
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SighingCashier
· 12-06 03:29
The big players are starting to shake out the market again. I’ve seen this trick many times, haha.
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AirdropHunter420
· 12-06 03:26
I noticed the whales were selling off a while ago, I'm just waiting to buy the dip.
This price action on the chart feels a bit off!
On-chain data shows that funds are continuously flowing out, which likely means whales are quietly selling off. Looking at the candlestick pattern, it's a typical stair-step decline, dropping one level after another. Personally, I think the next support might be around 0.015, and I've already opened a heavy short position.
But risk control is still crucial. I've set my stop-loss at the key resistance level above. When market sentiment is this fragile, don't try to tough it out; protecting your principal is the most important thing.
What do you all think about this market move? Any different perspectives?