#A2ZUSDT Brothers, the surge of A2Z has reached its limit, and both the market and data are signaling "it's going to drop," the shorting window has opened.
The price surged to 0.0007773 before crashing down, with a long upper shadow at a high position + increased volume stagnation, the bulls have run out of steam, and profit-taking could happen anytime! Looking at the data, the large investors' long-short ratio has directly turned to short, the open interest has surged to historical highs, and funds are fleeing, the sentiment has cooled down by half! The technical aspect is even more obvious, the price has just broken below the recent high, with EMA7 right beneath, once it breaks down, we are looking directly at a retracement to 0.00067 or even 0.00061!
Operation suggestions:
Open a light short position around the current price of 0.00074, add to the position on a rebound to 0.00076-0.00077
Set the stop-loss above 0.00078, don’t be greedy, take it steady
First target 0.00067, second target 0.00061
⚠️ Reminder: Contracts carry risks, don’t go all in, a small position for a retracement is good!