🚨 US plunged about 37%–40% in 24H! The price crashed directly from $0.0349 to $0.0188, while trading volume surged to 363–398 million USDT!
But here’s the interesting part: it rebounded 6.2% in 5 minutes and rose 7.8% in 1 hour, while OI increased 4.8%; retail traders are still 2.3× net short, and the trading data range remains unverified.
📊 What does this mean? Everyone is calling for an oversold bounce, but a bounce doesn’t equal a reversal. Shorting now risks getting squeezed, while going long could mean catching the last leg after massive selling.
🎯 Key levels to watch:
Bounce targets: $0.0234 / $0.032
Pullback levels: $0.0198 / $0.0134
My take: The short-term bias favors an oversold rebound, but don’t blindly chase the price! A sustained move above $0.0234 on strong volume could allow further recovery; if the bounce fails and price breaks below $0.0188, watch out for another wave of panic selling.
Do you think US will rebound to $0.0234 next, or pull back to $0.0134? 👇 #US #OversoldBounce
But here’s the interesting part: it rebounded 6.2% in 5 minutes and rose 7.8% in 1 hour, while OI increased 4.8%; retail traders are still 2.3× net short, and the trading data range remains unverified.
📊 What does this mean? Everyone is calling for an oversold bounce, but a bounce doesn’t equal a reversal. Shorting now risks getting squeezed, while going long could mean catching the last leg after massive selling.
🎯 Key levels to watch:
Bounce targets: $0.0234 / $0.032
Pullback levels: $0.0198 / $0.0134
My take: The short-term bias favors an oversold rebound, but don’t blindly chase the price! A sustained move above $0.0234 on strong volume could allow further recovery; if the bounce fails and price breaks below $0.0188, watch out for another wave of panic selling.
Do you think US will rebound to $0.0234 next, or pull back to $0.0134? 👇 #US #OversoldBounce