The technical aspect of OXT has completely changed this time.



I just noticed while watching the market that a death cross has appeared consecutively on the 4-hour and 1-hour charts, and the moving average system has completely shifted to a bearish arrangement. The price has continuously declined, with a drop of over 2%. This kind of trend is clearly not something that retail investors can create. Capital in the market is quietly withdrawing, and the intentions of the main players are already very clear.

Looking at the market data here - the buy and sell orders have just leveled out, but the positions of large holders are clearly bearish. More importantly, the funding rate has turned negative, indicating that the short selling power is starting to dominate. Although the bulls are still resisting, both active buyers and sellers are on the sidelines, and this stalemate could be broken at any time.

In the short term, there is significant downward pressure. If you want to position a short order, you can consider entering in batches within the range of 0.035224 to 0.035760, with a profit target set around 0.034193 to 0.034623, expecting a potential gain of approximately 3.2%.

Of course, remember to strictly control your position in a volatile market. Cut losses when necessary, and don't hold onto losing trades. The market won't wait for anyone, nor will it pay for anyone's luck.
OXT-2.38%
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