Goodness, VANRY really makes people feel "heartbroken" this time! The price has dropped sharply these past two days, like a "hammer" hitting down, it's almost like a roller coaster, and those who don't know might think it's a "scalping" situation. Let's see how this wave of market trends can completely "crush" our mentality.
Wow, is VANRY really that ruthless this time? The price has directly dropped to $0.0056, and as a result, there's no chance to catch a breath! A decrease of 27%, this is certainly not a minor adjustment; this is clearly "bearish" energy in full swing, and the market is bleak! Short-selling whales are frantically dumping their positions, while long-position whales are continuously shrinking their holdings. Who would dare to take over? The number of short-selling whales has increased to 212, and retail investors are really feeling the pain!
The bearish momentum is incredibly strong!
The long-short ratio has dropped directly to 0.43. If this trend continues, retail investors are likely to be crushed to the ground by the short-selling whales! Whales are truly 'eating well and drinking spicy', continuing to increase their positions, and still closing long positions in the range of $0.0061 - $0.0062, the whole situation is simply like a 'foolishly buying long, being eaten by whales' routine.
Oversold and still not rebounding, the trend is directly worsening!
Do you think that just because it has dropped to such an extent it should rebound? No! The RSI-6 has already dropped to 20.86, the entire market is oversold, but there is absolutely no reversal signal, **the trend is getting worse! The price has not only broken the 7-day, 25-day, and 99-day moving averages, but even the mood has dropped along with it, simply not giving any opportunities! A net outflow of $3.22 million, yet no one dares to take the plunge, **the weakness of this market really makes you extremely disappointed!
Whales dominate the downward trend!
Within 6 hours, the number of short-selling whales has increased to 212, and they hold 57.2 million VANRY with an average price of $0.0068. Just think about it, this wave has already made a profit! **Their target price is between $0.0061 and $0.0062, preparing to continue closing long positions.** Don't you think this is just 'eating韭菜'?
Price trend: Falling without seeing the bottom, mentality collapsed!
• VANRY is currently quoted at $0.005604, with a drop of 12.6%, and it doesn't seem to stabilize at all, it's simply not giving you a chance to catch your breath. The price has broken all key moving averages, with a resistance level at $0.00645, and there's absolutely no support. Looking at it, it's simply a 'bear market feast'.
• RSI-6 is at 20.86, the level of overselling makes people want to cry, **the MACD is still negative, and there is simply no hope for any reversal!** Where can this trend go if it doesn't leave the bear market?
Volume and capital flow: No buying seen, only whales dumping!
• A net outflow of $3.22 million, with no large buying in the market, simply makes people a bit scared. Although market makers have increased their holdings by $1.74 million, institutional demand is still weak, it's clear that the market is completely passively taking in supply, and retail investors will probably have to endure the pain of taking the plunge again.
Whale positions and capital flow: Whales are getting stronger, retail investors are getting weaker!
• The number of short-selling whales has increased to 212, holding 57.2 million VANRY with an average price of $0.0068, already in profit. This wave of operations simply makes retail investors want to give up even when they see hope! Their target range is $0.0061 - $0.0062, anyway, they made money, you lost.
• The positions of long-selling whales have decreased by 20%, and they hold 24.4 million, with an average price of $0.0061, the floating loss status really makes people feel heartbroken. Can you see it? Whales are significantly reducing their positions, directly giving retail investors a 'lesson'—the bearish trend has not stopped, don't think about rebounding.
Trading strategy and market outlook: Continue to be bearish, better to run away in the short term!
• Short-term: Continue to be bearish, support level at $0.00541, **break it and it will plunge directly,** the target price can be seen around $0.00541. **During rebounds, you can short moderately, target price range $0.0056 - $0.0060.** Don't think about taking the plunge, don't get washed by whales! Key risk: If the price suddenly rebounds to $0.00645, be sure to run!
• Mid-term: Support at $0.00541 has broken, **directly jumping to $0.0048 or lower,** with extremely high downside risk. Wait until the L/S ratio rises above 0.4, or when whales start to seize long positions before considering going long.
• Long-term: The current market sentiment is very low, don't think about bottom fishing and hoarding coins. Although oversold, there are no reversal signals at all! You need to wait for institutional funds to turn back and for clear bullish signals before entering. Right now, it is completely a short market, suppressing retail investors!
To summarize: Right now, VANRY is a game controlled by whales, and retail investors have no chance to participate! Short-selling whales are making profits wave after wave, while long positions have already shrunk. If you blindly chase the rise, be prepared to be 'cut'. Still the same old saying, take advantage of the downward trend, hold steady and do not take the plunge, wait for the market to show a reversal signal!
