2026-01-21 08:23:56

These days, long positions keep getting liquidated, finally forcing me to face the reality of the current market.

Looking at the technicals, I see no signs of a reversal at all. The rebound lacks momentum, and volume can't keep up — this is a classic sign of weakness. Since the bulls have no convincing strength, I’ll follow the market trend and open a short position.

Honestly, if the price can break below the previous low, it would help recover some of the losses from a few days ago.

I'm curious about your thoughts — are you currently in a bullish or bearish camp? How do you determine your positions? Can you share your analysis logic? This market movement really calls for everyone to exchange ideas and see if we’ve missed any signals.

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UnluckyMiner

· 11h ago

Hmm... This time really hits hard. The trading volume just won't go up, yet they still insist on a reversal. I give up and have opened a short position.

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ChainSherlockGirl

· 11h ago

The bulls should be getting some fresh air on the rooftop now. With such low volume, any rebound is just a dead cat bounce.

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NFTDreamer

· 11h ago

Volume truly doesn't lie; the bulls have lost all momentum. The short positions are already in place, just waiting for the break to happen. Every gambler has that mentality. How did you open your positions? Honestly, This wave really needs a thorough review, so you don't get trapped again.

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JustAnotherWallet

· 11h ago

This wave really needs to be recognized clearly; such weak trading volume can't turn the market around at all. Be firm in the bearish stance; if it breaks the low point, it's a profit, everything else is just empty talk. The bulls are now no different from gambling; the lack of rebound strength is too obvious. How to put it, it feels like everyone is betting on a reversal, but there are really no signs, it's just absurd. Short positions are already opened, just waiting for a drop; the previous gaps must be filled back. Let's review the technical aspect again; the trading volume is truly dead, and this is the key.

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FUD_Vaccinated

· 11h ago

Those who bought the dip are all dead; now those still stubbornly holding the bullish position really need to show some real skills.

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CommunityJanitor

· 11h ago

Sigh, another wave of market manipulation and retail investors getting caught. Who still dares to buy the dip? I'm completely scared off. Holding short positions, just waiting for the moment it breaks below the previous low. With such poor volume, any rebound is fake, and it seems there’s still room to go lower. What do you all think? Is this really the bottom this time?

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CoconutWaterBoy

· 11h ago

This wave indeed has no rebound momentum, and the trading volume has died out. I also followed the trend and went short. Just waiting for it to break the previous low, and breaking even depends entirely on this move.

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