$COLLECT Selling pressure eases, but the bearish structure remains intact. The rebound is a better entry opportunity.


Short 👇 on rallies in $COLLECT.

Entry: 0.0621 – 0.0645

Stop loss: 0.0647

Target 1: 0.0580

Target 2: 0.0565

Although the price touched a low, trading volume has drastically shrunk, and the MFI indicator has entered an oversold zone, indicating that the current downward momentum is nearly exhausted. The risk of chasing a short position directly is high. A smarter strategy is to wait for the price to rebound near the strong resistance level of 0.065, confirm the lack of buying interest, and then establish a short position to achieve a safer risk-reward ratio.

Short $COLLECT opportunities are here 👇
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • 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)