It has been observed that Pippin's recent trend indeed shows signs of pressure. The upper band of the 6-hour KC has become a clear resistance level, and the price has pulled back after encountering resistance there. However, from the 12-hour cycle perspective, the lower band provides relatively solid technical support, making it a good point for taking profits.
Honestly, I have taken several short opportunities like this before, and the win rate has been quite good. Previously, I was stopped out at 0.76 (with a spike stop loss at 0.505), but now the price has returned to a more favorable entry point, allowing me to re-establish a short position. The remaining position is planned to be held until near the cost line before considering exiting. There's no need to worry excessively about short-term fluctuations; the technical support and resistance levels are already quite clear.
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quiet_lurker
· 13h ago
The bears are back again. This time, it truly feels different. The support level is so clear—who can't see it?
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MysteryBoxBuster
· 12-26 07:56
Pippin again? I think the lower support this time really can't hold up. It's time to take action.
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ColdWalletAnxiety
· 12-26 07:55
0.505 That wave is indeed crazy. Re-entering short at this position feels pretty good now.
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governance_ghost
· 12-26 07:44
Yeah, this time I can see clearly. I was also there during the 0.76 spike last time, it hurt like hell haha. But this time the entry point is definitely more comfortable. Let's get started!
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BrokenDAO
· 12-26 07:44
Here we go again with the support and resistance theory... It looks clear, but in actual execution, everything is variable. The last time, that 0.76 pin was a real lesson—what was supposed to be a stop-loss was pierced through. Why should this time be any different?
It has been observed that Pippin's recent trend indeed shows signs of pressure. The upper band of the 6-hour KC has become a clear resistance level, and the price has pulled back after encountering resistance there. However, from the 12-hour cycle perspective, the lower band provides relatively solid technical support, making it a good point for taking profits.
Honestly, I have taken several short opportunities like this before, and the win rate has been quite good. Previously, I was stopped out at 0.76 (with a spike stop loss at 0.505), but now the price has returned to a more favorable entry point, allowing me to re-establish a short position. The remaining position is planned to be held until near the cost line before considering exiting. There's no need to worry excessively about short-term fluctuations; the technical support and resistance levels are already quite clear.