The price action of $AERO over the past few days has, honestly, been a pretty typical downtrend.
The highs have kept moving lower: 0.627 → 0.534 → now 0.479. The lows keep setting new records, too, with a 20.9% drop in just 7 days. MA7 (0.514) and MA25 (0.541) are both in a bearish alignment, and the price has stayed below both moving averages the entire time, without a single decent rebound.
Today's move in #技术分析 was even harsher, breaking straight through the lower Bollinger Band at 0.496. The RSI also hit 24.2, entering oversold territory. Volume has picked up, though: so far today it's nearly $29.15 million, well above the 7-day daily average of $19.14 million. Some traders are bailing out as the price falls.
There are two possible scenarios: 0.479 is the low for the past 7 days. If the price can hold here and bounce back above 0.50, that would be an early sign the decline is slowing. If it can't even hold 0.479, the next level worth watching is around 0.45.
The highs have kept moving lower: 0.627 → 0.534 → now 0.479. The lows keep setting new records, too, with a 20.9% drop in just 7 days. MA7 (0.514) and MA25 (0.541) are both in a bearish alignment, and the price has stayed below both moving averages the entire time, without a single decent rebound.
Today's move in #技术分析 was even harsher, breaking straight through the lower Bollinger Band at 0.496. The RSI also hit 24.2, entering oversold territory. Volume has picked up, though: so far today it's nearly $29.15 million, well above the 7-day daily average of $19.14 million. Some traders are bailing out as the price falls.
There are two possible scenarios: 0.479 is the low for the past 7 days. If the price can hold here and bounce back above 0.50, that would be an early sign the decline is slowing. If it can't even hold 0.479, the next level worth watching is around 0.45.
