$HIGH This wave of a crash dropped 21%, tumbling from 0.1767 to 0.1268, and the bulls are bleeding out. The question is: Are we seeing panic sellers or did the big players pull out?
Trading volume hit 150 million coins, doubling the usual amount, indicating a fierce battle between bulls and bears. Right now, the price is just near the daily low of 0.1268. If it holds this level by tomorrow morning, the panic sentiment might be hitting a temporary bottom; but if it breaks through, we're looking at a deep dive to 0.12 or even 0.10.
The long-short ratio is currently 0.8, with shorts in the lead but not at an extreme level. Don't rush to catch the falling knife; wait for a solid bullish candlestick to confirm support before making a move, or else you could be catching flying knives.
#抄底时机 #HIGH
Trading volume hit 150 million coins, doubling the usual amount, indicating a fierce battle between bulls and bears. Right now, the price is just near the daily low of 0.1268. If it holds this level by tomorrow morning, the panic sentiment might be hitting a temporary bottom; but if it breaks through, we're looking at a deep dive to 0.12 or even 0.10.
The long-short ratio is currently 0.8, with shorts in the lead but not at an extreme level. Don't rush to catch the falling knife; wait for a solid bullish candlestick to confirm support before making a move, or else you could be catching flying knives.
#抄底时机 #HIGH