From a technical perspective, the candlestick for $DODOX today smashed through the short-term support at 0.018, with a trading volume of 3.98 million tokens and a turnover rate that’s not low, but the price nearly closed at the lowest point. This indicates concentrated selling pressure, with the bulls showing almost no resistance.
Currently, the key level is whether 0.017 can hold. If we can stay above 0.0172 by tomorrow morning, after the panic selling clears, we might see a technical bounce; however, if we break below 0.017 on increased volume, there’s virtually no support below, making a sharper decline more probable.
Don’t rush to catch the falling knife; wait for a stabilization signal before making a move. The current long-short ratio still leans towards the bears, and retail investors’ panic hasn’t reached extreme levels yet, so wait for right-side confirmation before bottom-fishing.
#恐慌抛售 #DODOX
Currently, the key level is whether 0.017 can hold. If we can stay above 0.0172 by tomorrow morning, after the panic selling clears, we might see a technical bounce; however, if we break below 0.017 on increased volume, there’s virtually no support below, making a sharper decline more probable.
Don’t rush to catch the falling knife; wait for a stabilization signal before making a move. The current long-short ratio still leans towards the bears, and retail investors’ panic hasn’t reached extreme levels yet, so wait for right-side confirmation before bottom-fishing.
#恐慌抛售 #DODOX