$BOB plummeted by 11.5%, the main forces are crazily selling off, retail investors' bottom-fishing accounts are about to be liquidated!
BOB dropped from 0.023319 to 0.021697, with a fluctuation of 11.50%, but the most deadly part is: during the plunge, the trading volume was 146 million, which is 22% less than the estimated volume of 189 million, a typical trap of declining prices without volume.
The current price of 0.0216 is closely touching the lower boundary of 0.0077, but the upper boundary of 0.0319 is deviating by more than 45%. This extreme deviation indicates that the downward momentum has not yet been fully released.
EMA7 has crossed below EMA30, and MA7 has crossed below MA30. All short-term moving averages are turning down, which is a signal of a continuation of the decline.
DIF is below DEA, and the MACD histogram has turned negative. Bearish momentum has officially taken the lead.
Although BOB is waving the banner of building the gateway to Bitcoin DeFi, the strong selling force from the main players directly exposes the lie.
Here are some suggestions: Direction trigger conditions target price stop-loss price logic short on the rebound to around 0.023 at 0.015, with a bearish arrangement on the 0.025 moving average + observe the volume breaking through 0.025, which needs to meet the condition of rising volume and price together.
It is advised that spot players absolutely do not bottom fish at 0.021! Wait for the daily MACD golden cross + volume to double before deciding. If it breaks below 0.020, the next support is at 0.015.
This wave of BOB's plunge exposes the truth of DeFi projects: no matter how loud the concept is touted, it still goes to zero when liquidity collapses. Bottom-fishing now is like catching a falling knife!
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