From 66954 to 66528, a sharp drop of 426 points, frightening
Key points: EMA9 (yellow line) and EMA21 (purple line) just experienced a death cross — the yellow line crossing below the purple line is a bearish signal Good news: The strategy did not open a long position at +0.052%, perfectly avoiding the current EMA divergence turning negative, and also not opening a short (because after such a sharp drop, RSI would be oversold, and a rebound carries a high risk) Current level 66528: This was the support zone earlier today (18:22 UTC low around 66384). If it holds at 66400~66500 → a V-shaped rebound might occur again. If it breaks 66384 → continue downward This sharp drop is very similar to the one at 18:00 UTC today (also a sharp decline followed by a V-shaped rebound), when the low was 66384, and then a 570-point rebound in 5 minutes. Now is the time to observe, not to operate. The robot correctly watches from the sidelines 😛
From 66954 to 66528, a sharp drop of 426 points, frightening
Key points:
EMA9 (yellow line) and EMA21 (purple line) just experienced a death cross — the yellow line crossing below the purple line is a bearish signal
Good news:
The strategy did not open a long position at +0.052%, perfectly avoiding the current EMA divergence turning negative, and also not opening a short (because after such a sharp drop, RSI would be oversold, and a rebound carries a high risk)
Current level 66528:
This was the support zone earlier today (18:22 UTC low around 66384). If it holds at 66400~66500 → a V-shaped rebound might occur again. If it breaks 66384 → continue downward
This sharp drop is very similar to the one at 18:00 UTC today (also a sharp decline followed by a V-shaped rebound), when the low was 66384, and then a 570-point rebound in 5 minutes.
Now is the time to observe, not to operate. The robot correctly watches from the sidelines 😛