📉 Brothers, do you connect after BEAT this needle?

It dropped 41% overnight, with the price smashed down to near the middle band of the daily Bollinger Bands, which indeed gives a sense of a 'needle'. However, rebounds after such a sharp drop often come with both opportunities and risks.

🔍 Image Analysis:

1. Trend Positioning

· The daily line is in a downtrend channel, dropping from 4.5 to 2.1, more than halved.

· The current price 2.116 is just stuck near the middle band of the Bollinger Bands (2.139), this is a key support/resistance conversion point.

2. Volume Signal

· Although the current volume shows 32.53 million, the MA5 average volume line is as high as 224 million, indicating that recent trading volume has significantly shrunk, and selling pressure may be weakening.

· Selling proportion is 59.46%, still holds the upper hand, but buying pressure is starting to test the waters.

3. Pattern Observation

· A sharp drop is often accompanied by a technical rebound, especially when first touching the middle band of the Bollinger Bands.

· If the middle band holds, a rebound may occur; if it breaks down, it may continue to look for support at the lower band (0.81).

🎯 Opening Strategy (for reference only):

If you plan to 'catch the needle':

· Lightly try going long, with positions not exceeding 5% of the principal.

· Entry range: 2.10–2.12 (near the current price).

· Stop loss: set at 2.089 (below the previous low), or more conservatively at 2.08.

· Targets:

First target 2.30–2.40 (previous small platform)

Second target 2.60–2.70 (near the upper band of the Bollinger Bands)

· Note: if the rebound is weak and quickly breaks below 2.09, then abandon the bullish idea.

If you are more conservative:

· Wait to see if it can effectively stabilize above the middle band (above 2.14).

· Or wait for a second retest that does not break the previous low before considering entry.