What does a -66% day actually mean for the next candle?
That is the real question.
Because most of that damage already happened. The last two 4H candles alone dropped 37% then another 34%.
This is not a pullback. It is a full repricing.
Price sits far below both main trend averages. RSI reads near 13. That is not just oversold — it means sellers are in complete control.
But extreme oversold does not mean “safe to buy.” In a downtrend like this, any small bounce gets sold again.
The level I am watching: 0.00191.
That is the line in the sand. If $NFP cannot reclaim that zone on a 4H close, the path of least resistance stays lower.
Below it, the next meaningful support sits near 0.00165. If that gives way, there is not much standing between price and the macro floor near 0.00115.
My read: this is a falling knife with no real base yet. Let the chart prove it can hold a level before trusting any bounce.
Tap $NFP to pull up the chart and study these zones yourself.
Which level matters more to you right now — 0.00191 or 0.00165? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#NFP #Crypto #TopLoser #BinanceSquare
That is the real question.
Because most of that damage already happened. The last two 4H candles alone dropped 37% then another 34%.
This is not a pullback. It is a full repricing.
Price sits far below both main trend averages. RSI reads near 13. That is not just oversold — it means sellers are in complete control.
But extreme oversold does not mean “safe to buy.” In a downtrend like this, any small bounce gets sold again.
The level I am watching: 0.00191.
That is the line in the sand. If $NFP cannot reclaim that zone on a 4H close, the path of least resistance stays lower.
Below it, the next meaningful support sits near 0.00165. If that gives way, there is not much standing between price and the macro floor near 0.00115.
My read: this is a falling knife with no real base yet. Let the chart prove it can hold a level before trusting any bounce.
Tap $NFP to pull up the chart and study these zones yourself.
Which level matters more to you right now — 0.00191 or 0.00165? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#NFP #Crypto #TopLoser #BinanceSquare