2026-01-17 07:22:39

Recently, a certain cryptocurrency has started a rebound rally, and many people are asking where the support and resistance levels are, and whether it's a bullish move or just a rebound. My view might differ from most—this upward movement is actually just a rebound.

Why do I say that? The last decline was too harsh, with a deep correction that completely destroyed the upward trend. Retail investors are scared of being trapped, developing psychological shadows, and when they see a rebound, they become suspicious and lack the courage to chase highs. The big players also feel uncomfortable; they pushed the price down too low, and there are too many bottom-fishers. Moreover, retail investors, having been cut earlier, will sell immediately once they see profits, showing no loyalty.

Therefore, the next script is basically set—this coin will enter a long-term consolidation phase. It will take quite some time to clean out the bottom chips, then repeatedly test upward, gradually dispel retail investors' fear of heights, and slowly teach them to chase gains. This is not a task that can be completed in a day or two; after all, the last cut was so deep that people's hearts are badly hurt, and it takes time to restore confidence.

From a technical perspective, my target is in the range of 0.134 to 0.1800. But there is a key signal here—once the RSI shows a death cross, it’s time to clear the position. Don’t hold long positions; it will really die. Whether to go short or not doesn’t matter, but holding long positions stubbornly is just gambling, and I don’t recommend it.

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DarkPoolWatcher

· 11h ago

Forget it, we still have to continue the shakeout. This time, there’s really no script for a sudden surge. Honestly, retail investors have too much psychological shadowing, and the big players can’t hold it either. It has to be slowly ground out; it really tests patience. If RSI shows a death cross, just run. I agree with that; holding onto long positions is just asking for trouble. This rebound is actually just a sugar-coated cannonball—don’t be fooled. Wait, can it really reach 0.1800? I feel skeptical. Long-term oscillation means no opportunity; it’s so annoying. But on the other hand, after retail investors get scared and get cut, they become more stable, which ironically makes it easier to cut them the second time. The logic is a bit reversed. I’m optimistic about the RSI indicator; it’s truly a lifesaver. A rebound doesn’t equal a reversal. Distinguishing between the two is very important; too many people don’t understand this.

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GateUser-beba108d

· 12h ago

Retail investors are too psychologically scarred; this rebound is just a trap. Sell immediately when RSI shows a death cross, don't be greedy. Long-term oscillation, shakeouts take time, don't rush. Repeated testing between 0.134 and 0.18 is normal. The big players are also trapped and uncomfortable, there's no loyalty to speak of. This round of cutting has been too deep, confidence needs to be gradually restored. Holding long positions will really lead to death, stay sober.

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CryptoFortuneTeller

· 12h ago

Wake up everyone, this is a rebound trap. Don't be fooled. Stop talking about support and resistance; if people's hearts are already broken, how can you chase? Wait for the RSI death cross to directly run. Taking long positions is really gambling.

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NotGonnaMakeIt

· 12h ago

Another classic "whale and retail game" scenario, it's quite clear, but no one really dares to operate according to this logic. I agree that when RSI forms a death cross, just run. Being stubborn in a downtrend really deserves it. The question is who can precisely hit that point. I just can't seem to catch it. I'm already tired of the 0.134 to 0.18 range. Who can endure three months of oscillation? Actually, for coins that undergo long-term consolidation, instead of holding on, it's better to look for some actual gains. Don't waste time here. The psychological shadow of retail investors is real. Once you've been cut once, you're basically a scared bird. All in all, it's just one sentence: get out, don't hold on stubbornly.

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PriceOracleFairy

· 12h ago

rsi death cross incoming... been watching this price deviation pattern for weeks ngl. that 0.134-0.180 range is basically where liquidity gets absolutely butchered every single time. the retail trauma is *real* this time around, you can literally see it in the order flow chaos.

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ProofOfNothing

· 12h ago

Basically, it's just a shakeout. When retail investors' mentality is shattered, no one can save them. Don't be fooled by the rebound; wait for the death cross to decide. The market maker is also incredible—dropping so low, yet more people are buying the dip, haha. From 0.134 to 0.18, that's how it is. As soon as RSI shows a death cross, I’ll run immediately. This round will still be volatile for a long time; people's confidence hasn't recovered yet.

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