The price has broken below the Bollinger middle band (0.42564), currently at 0.40716, a nearly 19% plunge in 24 hours. The MACD has formed a death cross (DIF 0.01295, DEA 0.01348), RSI(6) has entered the oversold zone (27.79), and the J value of KDJ has dropped to 4.14, indicating strong bearish momentum. The price is moving towards the lower band (0.33648), with little rebound strength. If it cannot quickly recover the middle band, it will continue to test lower levels. Shorting is appropriate now; strictly set stop-loss above the middle band! $PIPPIN
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$PIPPIN Go short now!
The price has broken below the Bollinger middle band (0.42564), currently at 0.40716, a nearly 19% plunge in 24 hours. The MACD has formed a death cross (DIF 0.01295, DEA 0.01348), RSI(6) has entered the oversold zone (27.79), and the J value of KDJ has dropped to 4.14, indicating strong bearish momentum. The price is moving towards the lower band (0.33648), with little rebound strength. If it cannot quickly recover the middle band, it will continue to test lower levels. Shorting is appropriate now; strictly set stop-loss above the middle band! $PIPPIN