【KAT|This is not bottom-fishing, it's debris after a high-altitude fall】



Bro, this K-line chart gave me the chills.

From the highest point of 0.030724, it plummeted all the way down to 0.011114, a drop of nearly 70%. Is this bottom-fishing? No, this is the scene after a "high-altitude fall"—someone jumps from the 30th floor, and now they've just hit the 10th-floor platform. You think they're okay? Wrong, that’s just a brief pause, and they’ll keep falling.

Market technicals: Bearish arrangement, with no power to fight back

· MA5, MA10, MA20, all stacked above, a classic bearish arrangement
· Price pressed below 0.0112, rubbing against it, each weak rebound ruthlessly pushed back
· Super Trend indicator (SUPERTREND) value at 0.011697, in red state, the overall trend is still down
· Current price still operating below the trend line, with no signs of turning red

Conclusion: This is not the bottom, just a continuation of the decline. Don’t reach out, or you’ll be caught. $BTC $ETH $KAT
BTC-0.82%
ETH0.2%
KAT4.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments