JELLYJELLY's recent market action has indeed given quite a few short signals.

From a technical perspective, the resistance level at $0.0824 was not maintained, and after the price pulled back, the 1-hour K-line broke below $0.078. This time frame is a clear entry point for short positions. Based on the combination of daily and hourly charts, there is significant downward pressure.

If you decide to go short, the first target should be $0.074, an area that has been tested before. If the trend continues, $0.071 is the second support level. These two levels are suitable for partial profit-taking—don't be too greedy.

But you must have risk management awareness—if the 1-hour close rises above $0.083, it indicates that the rebound strength is stronger than expected, and you should cut losses and exit. Technical analysis can be deceptive, but risk management never is. Following this approach, the risk-reward ratio remains acceptable.