BROCCOLI714 This wave of market movement is quite interesting. It looks like the breakout acceleration has already taken shape.

From the 1-hour chart, the rally to 0.03486 lost momentum and then continued to drop, now falling to 0.02971. The key point is that this price level has simultaneously broken below the MA5 (0.03020), MA10 (0.03003), and MA20 (0.03099), with all short-term moving averages breached. The RSI(6) indicator has already fallen to 34.66755, firmly entering the weak zone, with no signs of a rebound. The MACD green bars are still expanding, with the DIF(-0.00038) and DEA(-0.00024) divergence widening, indicating a clear bearish dominance.

From the market performance, it’s obvious that the main force is intentionally pushing the price down, not just testing the waters.

In terms of operation, the current price of 0.02971 can directly open a short position, with a stop-loss placed above the previous high at 0.03486 for safety. The first target below is 0.02906 (the lowest price in 24 hours), followed by 0.02854, which is a short-term support.

If you are trading trend-following positions, stay firm in this direction. For short-term trading, consider taking partial profits at support levels with a light position. Lastly, be cautious of the main force continuing to push down and refresh lows in this weak market pattern.