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SSV has continued to fall by 1.2% in the past 24 hours, with the current price having fallen below the 200-day MA of 7.4%. The current price is near the 10.69 USD range, which has seen the highest trading volume in nearly two weeks.
Although there is significant selling pressure on the market, the open interest (OI) has seen a 14% increase, which may suggest that some investors are quietly positioning themselves.
From a short-term perspective, if the support level at $9.6 can hold, there may be an opportunity for an upward rebound, with a target price between $10.7 and $11.0. It is recommended to set the stop loss at $9.4, with a potential risk-reward ratio of approximately 2.7.
However, if the support level of $9.6 is breached, the price may accelerate its fall to the range of $8.4-8.6. Given the current market volatility, it is advisable for investors to remain cautious and adopt a strategy of light positions with quick in-and-out trades.
The market situation is changing rapidly, and investors need to closely monitor the latest developments and adjust their investment strategies in a timely manner.