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BROCCOLI714 current price 0.03898, market signals clearly indicate a downtrend.
From the market perspective, this wave of gains has already been overextended, with buying power gradually weakening and signs of distribution becoming more apparent. Funds that were celebrating at high levels yesterday are now starting to cash out and exit, which is the most authentic reflection of the market. The price has pulled back from the high point, indicating that a trend reversal turning point has already formed.
Looking at the key signals, the pullback is not a correction but a main trend — the upward momentum has been exhausted, and downward pressure is accumulating. In the short term, bulls will find it difficult to organize an effective counterattack, and a bear market pattern has become the default.
The current technical analysis clearly supports a bearish logic. Acting in the direction of the trend is the right approach; blindly bottom-fishing will only increase risk. Market price directly opens a short position ↓