Morning Trend | Coupang's consecutive decline approaches support, is there a chance for a rebound window?
Coupang (CPNG.US) has recently seen a trend that many traders describe as "agonizing," with the market experiencing several days of declining volume and approaching the key support level of 30.83. Community discussions revolve around the questions of 'Has it dropped enough? Will a rebound window suddenly appear?' The market generally believes that after the previous highs, the bulls have lost all initiative, and the increased intraday volume has instead led to heavier selling pressure, creating a strong atmosphere of capital hesitation, with everything waiting for a change. In the past, when the global e-commerce sector was collectively catalyzed, Coupang always managed to catch a ride on the tailwind. However, this wave of holiday sales data expectations has not brought substantial benefits, and the company itself has not unveiled any new stories, leading to short-term speculative funds that "come and go," lacking persistence. Both MACD and KDJ indicators are synchronously at the bottom, and the sector rotation signals a dive at the slightest hint, with community traders frequently asking, "As long as we hold the lower track, can we take a chance on a rebound?" There is a significant divergence in high positions both inside and outside the industry; one end may continue to probe lower, triggering stop-loss selling, while the other end, if there is any capital recognition, may lead to speculative funds reacting quickly, not ruling out high-frequency short rebounds. The 30.83 position has been tested multiple times; whether it is the bottom can only be determined by the substantial return of capital. In terms of operational advice, aggressive traders may focus on intraday support near the support level; if it cannot hold, do not resist stubbornly. Most are still observing, waiting for a real volume increase in stop-loss turnover or for industry catalysts to materialize before considering entry. There is a risk of being trapped when chasing short-term gains, and if there are sudden intraday buying movements, the FOMO atmosphere can easily amplify itself, with opportunities potentially flashing at any moment
Coupang (CPNG.US) has recently seen a performance that many traders describe as "agonizing," with the stock experiencing several days of declining volume and approaching the key support level of 30.83. Community discussions revolve around the questions of 'Has it dropped enough? Will a rebound window suddenly appear?' The market generally believes that after the previous highs, the bulls have lost all initiative, and increased intraday volume has led to heavier selling pressure, creating a strong atmosphere of capital hesitation, with everything waiting for a change.
In the past, when the global e-commerce sector was collectively catalyzed, Coupang always managed to ride the wave. However, this wave of holiday sales data expectations has not brought any substantial benefits, and the company itself has not unveiled any new stories. Short-term speculative funds tend to "come and go," lacking durability. Both MACD and KDJ indicators are synchronously at the bottom, and when the sector rotates, it quickly dives at the slightest signal, with community traders frequently asking, "As long as we hold the lower bound, can we take a chance on a rebound?"
There is a significant divergence in high positions both inside and outside the industry. On one end, there may be continued downward pressure triggering stop-loss selling, while on the other end, if there is any recognition of funds, speculative capital may react quickly, making high-frequency short rebounds possible. The 30.83 level has been tested multiple times; whether it is the bottom can only be determined by the actual return of funds.
In terms of operational advice, aggressive traders may focus on intraday support near the key level, but if it cannot hold, they should not resist. Most are still observing, waiting for a real volume increase in the stop-loss turnover or for industry catalysts to materialize before considering entry. There is a risk of being trapped when chasing short-term gains, and if there are sudden buying movements during the day, the FOMO atmosphere can easily amplify itself, with opportunities potentially flashing at any moment
