2026-01-07 21:20:44

NIGHT, be very cautious with this wave of movement. The long-term moving averages have already formed a death cross, and the KDJ is repeatedly stagnating at high levels, which is usually a sign of a reversal. What's more concerning is that the high-volume trading has significantly shrunk, and the price is still moving downward—this combination of signals indicates pressure from a technical perspective.

The current price is 7879, and from multiple angles, there is a risk of decline. If you have expectations for this correction, you can consider establishing a short position now. All the technical signals are in place, and the key going forward is whether it can break below this support.

NIGHT-7.36%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
4
Repost
Share

Comment

0/400

0xOverleveraged

· 3h ago

Death cross + stagnation, this combination is indeed a bit uncomfortable. Let's see if the 7879 level can hold. --- High-level contraction moving downward, feels like it's about to start messing around again. --- Short position? I've already exited first, feeling timid. --- KDJ has been stagnating for so long, when will there be a signal for a top? --- If the support level breaks, you really have to run. The lessons from previous pitfalls are deep. --- Still dithering after the death cross, isn't it annoying? --- Shrinking trading volume is the most heartbreaking; a decline with no volume is most likely to crash. --- Another reversal signal? Too many signals have already numbed me. --- I'm holding a wait-and-see stance at this 7879 level, neither bottom-fishing nor chasing short. --- Can it break through the support this time, or will it just rebound and deceive again?

View OriginalReply0

TokenomicsPolice

· 01-07 21:48

The death cross has appeared, this time NIGHT might be serious --- At this level of 7879, if the bears can push it down, it's worth a shot --- Decreasing volume combined with a death cross, an old but effective tactic --- Honestly, the technicals are completely rotten, what are we still watching for --- Breaking below support is the real test, it's still too early to bet now --- KDJ is so clearly dulled, is anyone still buying the dip? --- With trading volume drying up at high levels, a rebound is impossible, just go short --- The phrase "combo punch" is used very vividly here --- The key is whether it can hold this support; otherwise, it's a free fall

View OriginalReply0

SilentObserver

· 01-07 21:47

Death cross + passivation, this combination really can't hold anymore. The key level at 7879 must be defended. --- High-level trading volume shrinking and still dropping? As expected, not good news. --- The bearish signal is so obvious, what are you hesitating for? Check the support level before jumping in. --- The death cross of the moving averages is truly a turning point; that's how I got trapped before. --- KDJ's recent performance is a bit strange, feels like a big move is coming. --- Shrinking trading volume is the real killer; the price dropping along with it indicates a break of support. --- It's hard to stand at this position of 7879; it seems more likely to continue falling. --- Here comes the death cross story again. It always ends up with a rebound. --- Passivation at such a high level, it's definitely time to be cautious. I'm observing for now. --- If the support breaks, it will probably trigger a downward trend. Should I take a gamble?

View OriginalReply0

VCsSuckMyLiquidity

· 01-07 21:43

Still hesitating after the death cross, let's go short --- I've been watching the shrinking volume for a long time, it's indeed dangerous --- 7879 looks like a false breakout no matter how you view it --- The KDJ is so obviously dulled, it feels like something's going to happen --- Can the support hold? Feeling a bit anxious --- High-level shrinking combined with a death cross on the moving averages, this combo is too fierce --- I agree with the downside risk, but where it can fall to is the key --- This wave of correction should have come early, I favor the bears --- All signals are here, and some still don't believe it, it's ridiculous --- The shrinking volume is the most heartbreaking, indicating no one is willing to buy in

View OriginalReply0