That candle at $AIN 10 was really ugly. A massive-volume selloff broke through 0.27 and plunged straight to 0.251, with not a single decent bounce afterward—just a slow bleed down to 0.247.
RSI was slammed to around 30. Both OI contract count and notional value shrank, while the funding rate is still positive, so shorts haven’t really covered. The descending channel is keeping price pinned down; the fake bounce to 0.291 is long gone.
Don’t buy the dip unless it gets back above 0.26. A break below 0.245 would look even worse. Not investment advice.
#AIN #Market analysis
RSI was slammed to around 30. Both OI contract count and notional value shrank, while the funding rate is still positive, so shorts haven’t really covered. The descending channel is keeping price pinned down; the fake bounce to 0.291 is long gone.
Don’t buy the dip unless it gets back above 0.26. A break below 0.245 would look even worse. Not investment advice.
#AIN #Market analysis
