A wave of precise short selling, cash flowing into wallets!!! Unveiling the secrets of the sharpshooters in the crypto world
Recently, 1000PEPE has repeatedly tested the upper Bollinger Band, but has failed to effectively break through each time. This phenomenon reflects the weakness of buying momentum in the short term. The upper Bollinger Band has become the key resistance level at present, with several failed rebounds indicating a lack of market confidence in rising prices. Meanwhile, the MACD indicator has formed a death cross, making the bearish trend increasingly apparent, and market sentiment is gradually leaning towards pessimism.
From a technical perspective, the MACD death cross has released a potential signal for a pullback, and prices are facing the risk of a correction in the short term. If the support level below cannot be effectively maintained, the risk of prices further declining is also increasing. Maintaining caution and closely monitoring the performance of key support levels will be the focus in the coming days.
Remember, the market is ever-changing, and a calm response is the key. If you want to keep up with trends in the crypto world and master more precise operational strategies, don't forget to follow the guru. Let's deeply analyze the market together and laugh at the crypto world!