This coin has recently experienced a fierce decline. The 1-hour and 4-hour charts both clearly show a stepwise downtrend pattern, and the technical indicators are very clear, with strong bearish signals.

If you want to participate in shorting, my view is this — it’s more reasonable to enter around the 2.93 to 2.95 range. Set the stop loss at 3.05; once it hits that level, don’t hesitate — exit immediately.

There are three target levels: first, watch for 2.85, and then reduce one-third of your position to lock in profits; next, target 2.75; finally, the ultimate target is 2.64. This phased approach to reducing positions can both control risk and avoid missing out on the subsequent decline. Timing is very important, don’t go all-in at once.