The shorting opportunity for CC is actually quite clear. Looking at the chart, the price is oscillating around 0.09, which is a typical sign of distribution. It previously surged to 0.09551 but lacked the strength to go higher. On the 15-minute and 1-hour charts, every time it hits resistance, it gets hammered down. The moving averages are starting to turn downward and cross, and the MACD green bars have appeared, indicating a clear bearish signal.



From a capital perspective, it's even more straightforward. Contract positions are shrinking, large sell orders are frequently pushing the price down, and the big players' short positions are continuously increasing, clearly indicating someone is strategically building short positions.

As for the trading approach, focus on the 0.09 level. Enter a small short position with a stop-loss above 0.092 for safety, with an initial target of 0.085. If it truly breaks below 0.08, the downside space will open up completely. This kind of sideways distribution pattern can be exploited by following the trend.
CC21.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ThePhoenix'sPathToRecoupingvip
· 14h ago
A broken clone, where did so much data come from?
View OriginalReply0
OnChainArchaeologistvip
· 14h ago
It's the same old script again. I've been watching the 0.09 level for a while, but this time I feel the tactics are a bit outdated.
View OriginalReply0
ProofOfNothingvip
· 14h ago
Breaking through the 0.09 level is indeed difficult; it feels like it's really about to break.
View OriginalReply0
ForkItAllvip
· 14h ago
0.09 this threshold is indeed a bit hard to handle, let's wait and see It's the same set of selling logic again, I feel like someone is creating panic Moving averages crossing signals are too common, no need to follow the trend blindly Contract position shrinking is a normal fluctuation, as for dumping... who knows Trying with a small position is also okay, as long as stop-loss is set properly, it’s not a big problem That target of 0.085 is a bit greedy, I think 0.088 is enough This rhythm is similar to the pattern from a couple of days ago, be careful, it might be a reverse trap again The short position setup is indeed increasing, but the bottom still looks quite solid
View OriginalReply0
LiquiditySurfervip
· 14h ago
The 0.09 line is indeed a bit hard to hold, a typical sideways accumulation and distribution pattern, with big players building short positions.
View OriginalReply0
MEVHunterLuckyvip
· 14h ago
0.09 this line definitely needs to be watched, but I still think it's a bit uncertain; big players' tactics are quite deep.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)