After this rebound, SENT's price action has started to weaken. The price failed to hold above the previous supply zone and has now fallen below a key short-term moving average, which is a typical bearish signal. Multiple rejections above and diminishing momentum indicate that selling pressure is gradually taking over.
What does the technical picture say? The strong high points have been ruthlessly pushed back, implying institutional distribution; the price has fallen below the dynamic EMA support, and the Bollinger Bands have shifted from expansion to contraction, indicating increasing correction; trading volume during the pullback also plays a crucial role—volume shrinks during the retracement, and this combination usually suggests further downside continuation.
Trading strategy — bearish setup Entry signals appear in the range of 0.0295-0.0310, and confirmation can be considered. There are three target levels: 0.0249, 0.0199, 0.0148. Stop-loss is set at 0.0349, which is above the main resistance and liquidity sweep zone, making it relatively safe.
Risk warning is very important: control risk per trade properly, avoid heavy positions, and wait for confirmation signals when approaching the entry zone. After reaching the first target, remember to trail your stop to lock in profits and prevent gains from slipping away. Market changes happen quickly, so stay flexible.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
WealthCoffee
· 7h ago
It's the same old trick again. When the rebound drops, they start telling stories about institutional distribution and Bollinger Bands contracting... Just listen to it. Are you really willing to gamble your principal on this?
View OriginalReply0
MechanicalMartel
· 7h ago
Once again, it's bearish. This wave of SENT really can't hold up anymore. Shrinking volume is never a good sign.
View OriginalReply0
FreeRider
· 7h ago
Institutions are distributing. This wave of SENT really has no market movement left; trading volume has dried up. Still hoping for a rebound? Dream on.
View OriginalReply0
LuckyHashValue
· 7h ago
Once again, it's bearish. I bet five dollars that the institutions will cut the leeks again.
View OriginalReply0
CoconutWaterBoy
· 7h ago
Looking bearish again, this wave SENT really isn't impressive.
SENT/USDT Midday Technical Analysis
After this rebound, SENT's price action has started to weaken. The price failed to hold above the previous supply zone and has now fallen below a key short-term moving average, which is a typical bearish signal. Multiple rejections above and diminishing momentum indicate that selling pressure is gradually taking over.
What does the technical picture say? The strong high points have been ruthlessly pushed back, implying institutional distribution; the price has fallen below the dynamic EMA support, and the Bollinger Bands have shifted from expansion to contraction, indicating increasing correction; trading volume during the pullback also plays a crucial role—volume shrinks during the retracement, and this combination usually suggests further downside continuation.
Trading strategy — bearish setup
Entry signals appear in the range of 0.0295-0.0310, and confirmation can be considered. There are three target levels: 0.0249, 0.0199, 0.0148. Stop-loss is set at 0.0349, which is above the main resistance and liquidity sweep zone, making it relatively safe.
Risk warning is very important: control risk per trade properly, avoid heavy positions, and wait for confirmation signals when approaching the entry zone. After reaching the first target, remember to trail your stop to lock in profits and prevent gains from slipping away. Market changes happen quickly, so stay flexible.