HIGH Where do you stand on this wave: Panic release or continued weakness?
HIGH In the past 24 hours, down 15.73%, with a significant pullback. Right now, it’s not about how much it dropped, but whether the sell pressure is nearing its end. Current price is around 0.1427, with a 24h trading volume of approximately 8.7604 million. This volume spike feels more like a concentrated panic sell-off.
Reference indicators: 30m RSI is currently at 20.94, deep in the oversold zone. Here, we can't just equate oversold with a reversal; what's more crucial is whether the RSI can turn upwards and if the price can reclaim the short-term moving averages. The 30m super trend is at 0.125390, and the current price is above it, indicating a trend continuation structure.
I’m breaking my judgment into two parts: one part checks if the panic sentiment is starting to recover, and the other part assesses whether the trend protection level can be reclaimed. Both parts need to be stable for it to be considered a recovery; if only one is stable, we’re still in a range-bound scenario.
Square’s hot topic is also revolving around #TRXSurgesAbove0375NewYearlyHigh , this line has not only seen market fluctuations but also topic traffic.
#HIGH #异动警报 #TRXSurgesAbove0375NewYearlyHigh
HIGH In the past 24 hours, down 15.73%, with a significant pullback. Right now, it’s not about how much it dropped, but whether the sell pressure is nearing its end. Current price is around 0.1427, with a 24h trading volume of approximately 8.7604 million. This volume spike feels more like a concentrated panic sell-off.
Reference indicators: 30m RSI is currently at 20.94, deep in the oversold zone. Here, we can't just equate oversold with a reversal; what's more crucial is whether the RSI can turn upwards and if the price can reclaim the short-term moving averages. The 30m super trend is at 0.125390, and the current price is above it, indicating a trend continuation structure.
I’m breaking my judgment into two parts: one part checks if the panic sentiment is starting to recover, and the other part assesses whether the trend protection level can be reclaimed. Both parts need to be stable for it to be considered a recovery; if only one is stable, we’re still in a range-bound scenario.
Square’s hot topic is also revolving around #TRXSurgesAbove0375NewYearlyHigh , this line has not only seen market fluctuations but also topic traffic.
#HIGH #异动警报 #TRXSurgesAbove0375NewYearlyHigh