$SNDKB This drop is a bit brutal. In just 24 hours it’s gone straight to -16.9%. The RSI has fallen to 7—it's oversold down to the ankle. Volatility is 23.5%, with longs and shorts yanking back and forth. Trading volume is still 39M, which suggests the capital is still in a battle.
My take: An RSI of 7 is an extremely rare extreme value in history, so the chance of a short-term rebound is high. But the bearish trend hasn’t broken—so if you’re looking to bottom-fish, you still need to wait for confirmation with increased volume. Are you trying to take a bet on a rebound, or are you continuing to watch for the downside?
Poll: What’s your current position?
A. Bottom-fish and set up, waiting to take a bite on the rebound
B. Keep waiting, and only enter after a trend reversal
C. I’m already on the train—just sitting on it
What do you think? Chat in the comments
$SNDKB #币圈交易 #RSI oversold
My take: An RSI of 7 is an extremely rare extreme value in history, so the chance of a short-term rebound is high. But the bearish trend hasn’t broken—so if you’re looking to bottom-fish, you still need to wait for confirmation with increased volume. Are you trying to take a bet on a rebound, or are you continuing to watch for the downside?
Poll: What’s your current position?
A. Bottom-fish and set up, waiting to take a bite on the rebound
B. Keep waiting, and only enter after a trend reversal
C. I’m already on the train—just sitting on it
What do you think? Chat in the comments
$SNDKB #币圈交易 #RSI oversold