RECALL Yesterday experienced a rapid decline, and now the price is stuck around 0.109 USDT. Let me break down what exactly happened in this market movement.

First, look at the first 15-minute candlestick. That bearish candle was quite aggressive—down -2.18%, with an 85.7% body size, and trading volume was particularly high. This indicates that there was indeed a wave of panic selling in the short term. But what happened afterward? The following few bullish candles showed some rebound signs, but their bodies became smaller, and trading volume clearly shrank. This reveals that buying pressure isn't that strong, and the market is currently in a wait-and-see mode.

Looking at the data from the last 10 candlesticks, the average price change is actually negative (-0.07%), indicating the market is clearly in a weak consolidation phase. Interestingly, the largest fluctuation of 2.55% occurred during the first candlestick. After that, market volatility has narrowed, and now it’s in a consolidation state with an unclear direction.

In terms of trading strategy, I suggest approaching this situation with a range-bound mindset. Focus on two key levels:

Downside: If the price cannot hold above 0.11 USDT and breaks below 0.108 (around the low of the first candlestick) with volume support, consider a light short position targeting 0.106.

Upside: If the price can break above 0.112 with strong volume (a level that has been tested multiple times recently), there could be room for a rebound, with a target of 0.115.

Whether going long or short, stop-losses must be set properly. The importance of position management cannot be overstated.