CC current quote is 0.14764, with no change since launch, remaining at 0.00%. From a technical perspective, the bearish trend has just begun, with only 1 candlestick formed so far.
The tracking line is set at 0.14929, which can serve as a reference for dynamic stop-loss above.
Support levels from bottom to top are 0.14277, 0.14510, and 0.14629, while resistance levels are 0.14771, 0.15016, and the previous sideways range at 0.15024.
The current situation is interesting: the price is stuck between the trend start point and the first resistance. Whether the bears can hold depends on this key point at 0.14771. If the price cannot hold here and falls back, it signals the continuation of the bearish trend. Aggressive traders can try short positions near the current price, but don’t forget to set the stop-loss above 0.14929.
However, there is also a risk to be cautious of: the price has not yet broken below the launch price. If it quickly breaks through 0.14771 and stabilizes, it could trigger a stop-loss for the bears, risking a trend reversal. So, stay alert.
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HackerWhoCares
· 01-07 23:47
This position at CC is really awkward. The bears just ran a single K-line and are trying to bluff, but we still need to see if 0.14771 can hold.
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4am_degen
· 01-07 08:49
It's really frustrating to be stuck here. Can I break through this barrier at 0.14771...
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GasFeeNightmare
· 01-06 22:32
Another market with position locking. I really can't see through the 0.14771 level. Last night I stayed up until 3 a.m. watching gas fees and missed the entry opportunity. Feeling exhausted.
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100UBuyEther
· 01-05 13:03
The leadership is very uncomfortable with the slow repurchase.
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CryptoNomics
· 01-05 03:51
ngl, one K-line into a downtrend and people already writing dissertations about it... statistically speaking, this sample size is basically noise. where's the empirical evidence? correlation matrix would prob show you're just chasing shadows rn.
Reply0
StillBuyingTheDip
· 01-05 03:48
0.14771 this level really can't hold, feels like it could explode at any moment
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Anon4461
· 01-05 03:45
0.14771 is a critical threshold; breaking through makes a world of difference. It looks a bit uncertain.
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0xDreamChaser
· 01-05 03:40
0.14771 this level is really a bit stuck, feels like I need to grind here for a while
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MetaverseLandlord
· 01-05 03:40
Another market situation where we're stuck in a position, so annoying. If I can't break through the 0.14771 level, I'll directly reverse my position.
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BridgeTrustFund
· 01-05 03:27
Stuck at the critical point of 0.14771, whether the bears can hold it is really crucial. Once it breaks, it could reverse directly. This wave of market movement is quite exciting.
CC current quote is 0.14764, with no change since launch, remaining at 0.00%. From a technical perspective, the bearish trend has just begun, with only 1 candlestick formed so far.
The tracking line is set at 0.14929, which can serve as a reference for dynamic stop-loss above.
Support levels from bottom to top are 0.14277, 0.14510, and 0.14629, while resistance levels are 0.14771, 0.15016, and the previous sideways range at 0.15024.
The current situation is interesting: the price is stuck between the trend start point and the first resistance. Whether the bears can hold depends on this key point at 0.14771. If the price cannot hold here and falls back, it signals the continuation of the bearish trend. Aggressive traders can try short positions near the current price, but don’t forget to set the stop-loss above 0.14929.
However, there is also a risk to be cautious of: the price has not yet broken below the launch price. If it quickly breaks through 0.14771 and stabilizes, it could trigger a stop-loss for the bears, risking a trend reversal. So, stay alert.