The current trend of APR still looks very aggressive, so here is a short-selling strategy.
Enter the position between 0.1239 and 0.1245, with a stop loss set at 0.1311 (above the middle band of the Bollinger Bands). If this level is broken, it indicates a problem with the strategy, and you should exit. The target is around 0.1249, which is near the lower band.
From a technical perspective, the price has already broken below the middle Bollinger Band(0.13106), which is a clear bearish signal. The MACD has also formed a death cross pointing downward, and together they indicate strong downward momentum. Looking at RSI(6), it has entered the oversold zone at only 19.34. Although oversold conditions may lead to a rebound, the current trend is still clearly bearish. The price is moving toward the lower band, and the rebound strength is weak. If it cannot quickly recover the middle band next, there is a high possibility of further decline.
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SandwichVictim
· 01-12 03:36
Bollinger Bands pierced, MACD death cross, RSI oversold... This combination really demands attention.
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Entering at 0.1239 is still a solid point; just worried about losing composure during the rebound.
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No one can predict the oversold rebound, but looking at this trend, breaking the middle band is quite likely.
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MACD death cross combined with breaking through the Bollinger middle band, this signal is strong.
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Lower band at 0.1249, feels like it needs to fall further before bouncing back.
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RSI is only around 19, the downside space is a bit scary.
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Stop loss at 0.1311, holding this distance is a bit tough...
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If it doesn't quickly recover the middle band, it will continue to drop, which makes sense logically.
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This idea is clear, but I'm worried about the main force shaking out and biting down.
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SigmaValidator
· 01-11 23:55
Huh, RSI is already at 19.34, and you're still shorting? Isn't this a clear setup for a rebound?
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ServantOfSatoshi
· 01-09 11:01
Death cross + oversold, this combo skill is pretty deadly, APR is really going to drop now.
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LightningHarvester
· 01-09 11:01
Death cross combined with the middle band break, this bearish signal is indeed quite clear. However, with RSI only at 19 oversold, a rebound risk still needs to be guarded against.
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GoldDiggerDuck
· 01-09 11:01
Death cross plus oversold, this combination is indeed a bit fierce, but oversold rebounds are unpredictable.
The bearish signal is there, but beware of false signals to lure more buyers; the 0.1311 level must be defended.
Breaking the middle band of the Bollinger Bands is a turning point; let's see the strength of the rebound next.
RSI being so low is actually a bit timid; usually, this is when a V-shaped rebound occurs.
The target of 0.1249 sounds good, but I'm just worried that the rebound might wipe out the position.
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MetaDreamer
· 01-09 11:00
Hmm... I think this approach is okay, but I'm worried about a rebound causing losses.
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MemeEchoer
· 01-09 10:59
The death cross is so obvious; it might just be a contrarian indicator. Last time, everyone who listened to the analysis lost money.
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AirdropHunter
· 01-09 10:55
Yes, this approach is quite clear. The Bollinger Band death cross combined with RSI oversold indeed signals a strong bearish trend.
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GasOptimizer
· 01-09 10:33
Death cross combined with oversold conditions, this rhythm is indeed a bit fierce, but I've fallen into the oversold rebound trap too many times.
The current trend of APR still looks very aggressive, so here is a short-selling strategy.
Enter the position between 0.1239 and 0.1245, with a stop loss set at 0.1311 (above the middle band of the Bollinger Bands). If this level is broken, it indicates a problem with the strategy, and you should exit. The target is around 0.1249, which is near the lower band.
From a technical perspective, the price has already broken below the middle Bollinger Band(0.13106), which is a clear bearish signal. The MACD has also formed a death cross pointing downward, and together they indicate strong downward momentum. Looking at RSI(6), it has entered the oversold zone at only 19.34. Although oversold conditions may lead to a rebound, the current trend is still clearly bearish. The price is moving toward the lower band, and the rebound strength is weak. If it cannot quickly recover the middle band next, there is a high possibility of further decline.