The recent trend of 1000RATS has formed a clear technical opportunity. From the recent price performance, after encountering resistance near $0.0693 and pulling back, the bearish signal has become more evident when the 1-hour K-line closed below the support level of $0.061.
If the weakness continues at this pace, there are two short-term downside targets to watch. The first target is around $0.055. If this level is broken, then $0.050 becomes the next observation point. However, be mindful of risk control; once the 1-hour closing price reclaims $0.070, it indicates that the bearish logic has been broken, and it’s time to cut losses and exit.
Overall, this current bearish opportunity is still worth paying attention to, but only if you strictly follow your trading discipline, especially in setting stop-losses.
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IfIWereOnChain
· 19h ago
A clear short signal, but the only concern is that poor stop-loss placement could lead to a quick reversal and a face slap.
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LuckyHashValue
· 19h ago
Another shorting opportunity... Is it true? Will it drop just because it broke 0.061? I bet it will rebound.
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NewPumpamentals
· 19h ago
It's the familiar short-selling tactic again, but I need to see if the break below 0.061 is confirmed before saying anything.
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CountdownToBroke
· 19h ago
The short signal is clear, but don't be greedy. If 0.055 can't be broken, just exit immediately.
The recent trend of 1000RATS has formed a clear technical opportunity. From the recent price performance, after encountering resistance near $0.0693 and pulling back, the bearish signal has become more evident when the 1-hour K-line closed below the support level of $0.061.
If the weakness continues at this pace, there are two short-term downside targets to watch. The first target is around $0.055. If this level is broken, then $0.050 becomes the next observation point. However, be mindful of risk control; once the 1-hour closing price reclaims $0.070, it indicates that the bearish logic has been broken, and it’s time to cut losses and exit.
Overall, this current bearish opportunity is still worth paying attention to, but only if you strictly follow your trading discipline, especially in setting stop-losses.