OP has been falling from a high of 0.34 all the way down, and recently it has become interesting. A bullish engulfing pattern appeared at 0.2966, and the technical indicators are clearly overextended, with momentum indicators also starting to warm up. Many traders speculate that there might be a rebound here—if it can hold steady, the target is around 0.335. However, proper risk management is essential; if it breaks below 0.285, a decisive stop-loss is necessary. The question is, are genuine buyers willing to enter the market? Technical signals alone are not enough; trading volume and capital flow must also align. Whether this rebound can gain momentum depends on observing a few more candlesticks.
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BearMarketHustler
· 4h ago
Same old trick again, thinking about bottoming out just because the technicals look good? What about the trading volume, where did it go?
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ChainMemeDealer
· 01-19 01:55
Hmm... It's the old routine of good technicals but weak fundamentals. To gamble or not to gamble?
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BlockchainArchaeologist
· 01-19 01:54
The engulfing pattern is something I've seen too many times; in the end, it's all fake breakouts.
Without volume support, even the best technicals are useless; it depends on whether the main force is willing to play along.
That 0.285 resistance level, I bet it won't hold for more than three days.
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GateUser-a180694b
· 01-19 01:52
Sinking pattern? I see this as a common technical scam, rebounding to dump.
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SelfCustodyIssues
· 01-19 01:48
0.2966 is indeed a significant level, but I'm more concerned about whether big players are willing to step in.
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BackrowObserver
· 01-19 01:36
Bullish engulfing, huh? I'm just worried about another false breakout. If the funds don't follow, it's all for nothing.
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TokenVelocity
· 01-19 01:33
It looks like another round of technical analysis acting up, with the money flow not following... Volume is the real boss.
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BearMarketMonk
· 01-19 01:31
I'm tired of the engulfing pattern stuff; the key still depends on whether the big players are on board.
OP has been falling from a high of 0.34 all the way down, and recently it has become interesting. A bullish engulfing pattern appeared at 0.2966, and the technical indicators are clearly overextended, with momentum indicators also starting to warm up. Many traders speculate that there might be a rebound here—if it can hold steady, the target is around 0.335. However, proper risk management is essential; if it breaks below 0.285, a decisive stop-loss is necessary. The question is, are genuine buyers willing to enter the market? Technical signals alone are not enough; trading volume and capital flow must also align. Whether this rebound can gain momentum depends on observing a few more candlesticks.