$SENT
: High position blocked, momentum exhausted, signal for short covering
Market commentary:
The vertical rise in the market has started to show obvious signs of "stagnation" at the top. The K-line has tested the upper level multiple times without success, leaving a long upper shadow, which is a typical sign of a bearish rebound. High position buying has already been unable to hold, and the trading volume cannot keep up with the price increase, indicating a serious divergence in indicators.
Don't chase that crumbling peak. The current logic is very clear: selling pressure has started to release, and a retest of support is inevitable.
Trading plan (The Play)
Direction: Short $SENT (Short)
Entry range (Entry): 0.0183 – 0.0188
Stop loss (SL): 0.0199 (If this level holds, the bullish trend continues, logic fails)
Target profit (Targets):
First target (TP1): 0.0176 (Initial liquidity recovery)
Second target (TP2): 0.0169 (Key segment support)
Third target (TP3): 0.0162 (Market cools down completely)
Core viewpoint
In this wave, we don't tell stories, we only look at price action (Price Action). When the slope of the parabola starts to flatten, it is the highest probability surgical entry point. Strictly execute stop-loss, and monitor the changes in market momentum.