This coin's recent performance is indeed interesting. It has fallen to a point where it seems like it can't drop any further, with support levels showing strong resilience, and bullish opportunities are beginning to emerge.
Let me discuss it from a technical perspective. The 0.045 level has been tested several times recently. Every time it drops there, it is quickly pulled back up. What does this mean? It indicates that there is a significant buying pressure resisting here. The sell-offs at this level are being absorbed, forming a clear demand zone. Sellers can't break through this defense no matter how hard they try, and psychologically, this has become a "can't fall further" wall.
Looking at the retracement pace, the declines in these waves are getting smaller, and trading volume is decreasing. My understanding is that most of those wanting to escape have already done so, leaving behind mostly long-term holders or those waiting for a better entry price. The exhaustion of the bears often signals a turning point.
From a higher-level trend perspective, the upward structure has not been broken. This pullback is like a normal rest after a rally. Therefore, I think there is an opportunity to go long in the range of 0.0455 to 0.0470. The stop-loss can be set at the lower support level of 0.0435. If it falls below that, it indicates my judgment was wrong, and I should exit to cut losses, controlling the risk. Looking upward, first watch the minor resistance at 0.051. If it can break through, there is potential to test around 0.058 later.
Calculating the risk-reward ratio, the potential profit far exceeds the possible loss, making this trade quite cost-effective. The logic is also quite clear—if the support holds, follow the trend; if the support breaks, cut losses and exit.
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GasOptimizer
· 13h ago
0.045 this support level has indeed held, the data is right here. But what I care more about is—how are transaction fees calculated when trading volume decreases? Entering positions in low liquidity areas carries a bit more risk.
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AirDropMissed
· 13h ago
0.045 is really a tough barrier, but I still want to wait and see
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ProofOfNothing
· 13h ago
0.045 really holds firm, this wave of entry feels like a good gamble
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SatoshiChallenger
· 13h ago
Another genius who accurately predicted the support level. Wait, why do I remember saying the same thing about a project that was cut in half three months later?
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AmateurDAOWatcher
· 13h ago
0045 this line is indeed strong, it was hit several times in a row and pulled back each time, that's quite a move.
This coin's recent performance is indeed interesting. It has fallen to a point where it seems like it can't drop any further, with support levels showing strong resilience, and bullish opportunities are beginning to emerge.
Let me discuss it from a technical perspective. The 0.045 level has been tested several times recently. Every time it drops there, it is quickly pulled back up. What does this mean? It indicates that there is a significant buying pressure resisting here. The sell-offs at this level are being absorbed, forming a clear demand zone. Sellers can't break through this defense no matter how hard they try, and psychologically, this has become a "can't fall further" wall.
Looking at the retracement pace, the declines in these waves are getting smaller, and trading volume is decreasing. My understanding is that most of those wanting to escape have already done so, leaving behind mostly long-term holders or those waiting for a better entry price. The exhaustion of the bears often signals a turning point.
From a higher-level trend perspective, the upward structure has not been broken. This pullback is like a normal rest after a rally. Therefore, I think there is an opportunity to go long in the range of 0.0455 to 0.0470. The stop-loss can be set at the lower support level of 0.0435. If it falls below that, it indicates my judgment was wrong, and I should exit to cut losses, controlling the risk. Looking upward, first watch the minor resistance at 0.051. If it can break through, there is potential to test around 0.058 later.
Calculating the risk-reward ratio, the potential profit far exceeds the possible loss, making this trade quite cost-effective. The logic is also quite clear—if the support holds, follow the trend; if the support breaks, cut losses and exit.