The price has deviated sharply—beware of the risk of an “A-shaped crash”:
The current price (2.5203) is far above the MA7 (1.78964), indicating an extremely large deviation.
After such an extremely steep rally, if fresh capital fails to come in or major holders take profits, the price often won’t move sideways—it may plunge straight back to the moving average for support (commonly known as an “A-shaped crash”). There is no overhead selling pressure from trapped holders; the only resistance is “greed.”$BTW
The current price (2.5203) is far above the MA7 (1.78964), indicating an extremely large deviation.
After such an extremely steep rally, if fresh capital fails to come in or major holders take profits, the price often won’t move sideways—it may plunge straight back to the moving average for support (commonly known as an “A-shaped crash”). There is no overhead selling pressure from trapped holders; the only resistance is “greed.”$BTW