🚨 $C98: Downward Trend with Consolidation Phase

Current price of $C98 is 0.0283, trading below the main moving averages (MA5, MA10, MA20). This indicates a clear downward trend.

Short-term MAs (MA5=0.029, MA10=0.0291, MA20=0.0292) act as immediate resistance levels. Meanwhile, the MA 120 period at 0.0263 provides distant support.

Recent trading volume has decreased during the sell-off, suggesting that the downward momentum may be weakening. Continuous capital outflow (-713K USDT in 24h) also confirms selling pressure in the market.

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**Short-term Trading Strategy ($C98):**

➡️ **Entry:** Look to short-sell when the price retraces to 0.0290-0.0295 (convergence area of MA5/MA10).

➡️ **Stop Loss (SL):** 0.030 - 0.0305 (just above the middle band of BOLL).

➡️ **Target Price (TP):** 0.027 (support level).

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🚨 **Alternative Scenario:**

If the price maintains above 0.0282 (lower band of BOLL) and trading volume increases, consider opening a small buy position. Keep SL tight for a recovery target of 0.0295.

#c98 #c98usdt #coin98