The recent trend of COMMON has indeed been frustrating. Looking at the last 10 15-minute K-lines, 8 of them closed bearish, with an average decline of -0.58%. Market volatility has clearly increased, and the bearish sentiment is quite strong.
The technical issues are even more worth warning about. Consecutive large bearish candles with bodies exceeding 80% and 60% indicate continuous selling pressure, showing that the bears are quite solid. I especially noticed a candle with a fluctuation range of 3.54%—although its body isn't particularly exaggerated, both upper and lower shadows are quite long. This pattern usually signals intense battles between bulls and bears at key price levels, with the bears ultimately winning, likely due to a stop-loss chain reaction after a significant support level was broken.
Currently, the price is around 0.003054. Faced with this high volatility and a generally bearish trend, my advice is not to rush into bottom fishing.
**For a more aggressive approach**: If the price rebounds but gets stuck near the opening price of those recent moderate bearish candles, failing to hold above the upper boundary of the dense K-line area, you might consider a small short position, targeting the previous lows.
**Conservative strategy**: Long positions are only suitable for experienced short-term traders. You must wait for clear signs of a trend reversal—such as a bullish candle with a long lower shadow, accompanied by a significant increase in volume—before considering going long, and always set strict stop-losses.
**One last reminder**: Whatever you do, stop-losses are a must. In high-volatility markets, risk management always comes first.
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SoliditySurvivor
· 10h ago
8 consecutive bearish candles are really impressive. The bears are extremely fierce this time. Wait for signals before bottom fishing.
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LightningHarvester
· 01-07 09:52
The bears are so fierce, I'll stay on the sidelines and wait for a signal before making a move.
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DataChief
· 01-07 09:51
It dropped again and again, I really can't hold on anymore, brother.
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StablecoinEnjoyer
· 01-07 09:45
Once again, the market is like this; the bears just won't give any opportunities, it's frustrating.
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BearMarketBarber
· 01-07 09:26
Dropping again and getting stuck, this rhythm is really incredible, it's suffocating to watch
The recent trend of COMMON has indeed been frustrating. Looking at the last 10 15-minute K-lines, 8 of them closed bearish, with an average decline of -0.58%. Market volatility has clearly increased, and the bearish sentiment is quite strong.
The technical issues are even more worth warning about. Consecutive large bearish candles with bodies exceeding 80% and 60% indicate continuous selling pressure, showing that the bears are quite solid. I especially noticed a candle with a fluctuation range of 3.54%—although its body isn't particularly exaggerated, both upper and lower shadows are quite long. This pattern usually signals intense battles between bulls and bears at key price levels, with the bears ultimately winning, likely due to a stop-loss chain reaction after a significant support level was broken.
Currently, the price is around 0.003054. Faced with this high volatility and a generally bearish trend, my advice is not to rush into bottom fishing.
**For a more aggressive approach**: If the price rebounds but gets stuck near the opening price of those recent moderate bearish candles, failing to hold above the upper boundary of the dense K-line area, you might consider a small short position, targeting the previous lows.
**Conservative strategy**: Long positions are only suitable for experienced short-term traders. You must wait for clear signs of a trend reversal—such as a bullish candle with a long lower shadow, accompanied by a significant increase in volume—before considering going long, and always set strict stop-losses.
**One last reminder**: Whatever you do, stop-losses are a must. In high-volatility markets, risk management always comes first.