Wait for the prey to enter the trap, rather than chasing the prey.
Phase One (Inducing Rebound): Expect a slight rebound or sideways fluctuation at the current position (around 0.157), testing the resistance levels of 5-minute and 15-minute charts (previous support turned resistance), around the 0.16100 - 0.16350 range.
Phase Two (Confirming Resistance): After rebounding to this area, there will be selling pressure from previously trapped positions and the main force will short again. The candlestick will show upper shadows, followed by a bearish engulfing.
Phase Three (Continuation of Main Downtrend): After confirming that resistance is valid, the price will go down again, breaking the current temporary support at 0.15500, accelerating to look for a stronger demand zone (Order Block) further down, targeting around the 0.15000 integer level. Do not act as a bullish buyer, only as a bearish sniper. Use the upcoming "dead cat bounce" to establish short positions and capture the profits from this pullback.
• Trading Direction: Short
• Entry Timing (Entry Zone): Patiently wait for the price to rebound to the 0.16150 - 0.16350 area. Observe for a 1-minute or 5-minute candlestick reversal signal (such as long upper shadow, bearish engulfing) before decisively entering.
• Stop Loss Level (Stop Loss - SL): Strictly set above 0.16600 (this is the recent second high point structure, refer to the "LOWER HIGH" concept in Figure 1). If it breaks here, it indicates that the bullish strength is still strong, and our pullback logic is temporarily invalid, and we must exit.
• Take Profit Target (Take Profit - TP):
• TP1 (Conservative): 0.15550 (testing previous low, partial profit taking and pushing protective stop loss)
• TP2 (Aggressive): 0.15050 - 0.15150 (expected strong support/order block area)
Risk Control Reminder:
Current volatility is extremely high (24h amplitude nearly 70%), be sure to use light positions. Do not directly chase shorts at the current position (0.157), as it is easy to be stopped out by a rebound; also, do not easily try to catch the bottom, as the downward knife has not yet landed. $AT