📉 Current Situation
Price: 0.003541
Drop: −77.68% (Very sharp drop)
A strong break occurred for all moving averages (MA & EMA) with a single bearish candle → this is called Capitulation (strong liquidation).
🔍 Indicator Readings
▪️ Trend
The trend has clearly shifted from bullish to bearish.
The price is now below the Bollinger Lower Band → strong selling overbought condition.
▪️ Averages
MA50 / MA100 / MA200 all above the price → negative pressure.
Any current rise will be a technical rebound and not a trend reversal (until proven otherwise).
▪️ RSI
RSI 6 ≈ 6 🔥
RSI 12 ≈ 21
RSI 24 ≈ 36
➡️ These are very rare selling overbought numbers → we often observe a short-term rebound.
▪️ KDJ
K and J are in very low areas.
No positive crossover yet, but very close.
▪️ Volume
Bearish candle with increased volume → panic selling.
After this type of volume, the market often calms down or rebounds.
🧱 Important Areas
🔵 Current Support
0.0033 – 0.0035
If broken with a daily close → the likelihood of testing lower areas.
🟢 Potential Rebound Areas (if support holds)
0.0052
0.0068
0.0080 (strong resistance)
🧠 Scenarios
✅ Positive Scenario (technically closest)
Stability above 0.0033
Daily candle with lower wick
Technical rebound 30%–70%
❌ Negative Scenario
Clear break and close below 0.0033
Continued bleeding (but with weaker momentum)
⚠️ Important Notes
No full liquidity entry now ❌
If you are already in: do not sell at the bottom in panic
If you are thinking of entering:
Wait for a confirmation of a reversal candle
Or gradual entry (DCA) with extreme caution
#JF #justfunny