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Huang Yu | LIFE/USDT Short: Catching Extreme Surge and Pullback 🐉
Short logic: The 1-hour chart shows that after experiencing parabola-like growth, the price is now entering a strong resistance supply zone above 0.208 - 0.219 (purple zone). Currently, momentum shows signs of exhaustion, and indicators have entered the oversold area, expecting a technical deep correction to adjust the moving average divergence.
Direction: Short (Short)
Entry point (Entry): Around 0.2084 (or when resistance signals appear within the purple zone)
Stop loss (SL): 0.2397
Take profit (TP): 0.1649
Summary: The market is highly volatile, please strictly execute stop-loss. For coins with rapid upward movement, it is recommended to build positions in batches and control position risk!🧧$FLOCK