$IR 15 minutes level sudden plunge 📉! A huge bearish candlestick directly broke through support, with a single fluctuation exceeding 31%, current price 0.2469.
🧐 Reason analysis:
1. Huge sell-off: The first candlestick's transaction exceeded 21 million, with a -11.7% drop, indicating that main funds are exiting.
2. Liquidity exhaustion: Subsequent candlestick transaction volume sharply decreased, and the market fell into low-volume consolidation, lacking buying support.
3. Technical breakdown: The bearish candlestick's body occupies a high proportion, breaking below previous lows to form a strong bearish structure.
🚀 Short-term strategy:
• Bearish: Current weak rebound to around 0.25 can be lightly shorted, stop loss at previous high 0.26, target looking towards previous low 0.23.
• Bullish: Do not catch the bottom for now! Need to wait for a strong bullish candlestick to recover 0.26 and stabilize, otherwise the risk of reversal is extremely high.
⚠️ Key reminder: The market is in a 【high volatility state】, with an amplitude exceeding 12%, and opening positions must have a stop loss! Strictly control within 2% position size, be wary of cascading liquidation risks. There has been no clear reversal signal from the technical side, so the main idea is to short on rebounds.
#IRON #crypto trading