Although the price is approaching recent highs, buying momentum cannot keep up, and the MACD shows a death cross, while funds are starting to flow out of the market. The volume contraction at the high level indicates that the current trend lacks support, and the selling intent is increasing. This usually opens space for a decline as long as sellers remain dominant.
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.
$TAG High-level stagnation, selling pressure begins to show strength.
Short $TAG immediately
Entry: 0.0003650 – 0.0003690
Stop Loss: 0.0003750
Take Profit 1: 0.0003540
Take Profit 2: 0.0003400
Take Profit 3: 0.0003200
Although the price is approaching recent highs, buying momentum cannot keep up, and the MACD shows a death cross, while funds are starting to flow out of the market. The volume contraction at the high level indicates that the current trend lacks support, and the selling intent is increasing. This usually opens space for a decline as long as sellers remain dominant.
Trade here $TAG 👇