On October 10 of last year, it was a very terrifying day in the market. Will this terror happen again? Look at the picture—it was a very terrifying day.
Summary of the coin in the event of extreme volatility and very strong selling pressure after a record-breaking surge. Extreme caution is recommended, and do not enter buy trades until the price stabilizes and a clear bottom begins to form Crazy coin 🤪👀 $BTW
The trend is sharply bearish with a strong correction of 19.97% after the rise.
The previous level was toward the 1.401 peak.
Current support: the price is currently trading at 0.5267, which
is exactly at the Supertrend support line (at 0.5268).
Volume: a noticeable decline in trading volumes compared to the rise, reflecting the current weakness in momentum.
Technical view: a break below the 0.526 level and holding under it opens the door to continued downside, while staying above it may cause a temporary upward corrective rebound. $BR
Confirming the formation of the base means the accumulation phase has ended, and the time to launch is approaching with the start of the action and high volatility. These are the most important points for smartly managing the upcoming move:
Confirm the volume: Make sure the reversal is accompanied by high trading volume to avoid false breakouts (Fakeouts).
Set the stop loss: Place it directly below the newly formed base to protect your capital in case of any sudden break.
Take profit gradually: Identify the next resistance levels and take profit in portions rather than waiting for a single top.
Avoid fear of missing out (FOMO): If the first candle breaks out strongly...
Wait for a retest instead of entering directly in the middle.🧑💻🤷♂️👀 🚀🚀🚀🚀 $CHZ