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After this wave of STO rebound, the situation is starting to shift. Looking at the chart, the short-term moving averages MA5 and MA10 have already formed resistance, and the price is firmly stuck. The key is the long-term MA250—at the 0.1183 level, it acts like a ceiling that cannot be broken through. The MACD has already shown a death cross at a high level, which is a clear signal of weakening. Rebounds often present opportunities for shorting, and this wave is no exception.
The technical story is very clear: entry can be considered in the range of 0.1140-0.1155, with a stop-loss at 0.1190 for risk control—if this level is broken, it indicates that the MA250 has been breached, and a decisive exit is necessary.
Profit targets are divided into two stages: the first target is 0.106, which tests the support of the MA20; the second is the 0.100 integer level. There is ample space from the current position to these two targets. The overall approach is that the signals given by the technical analysis are clear enough, the pullback depth is appropriate, and it’s the rhythm of shorting.