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This drop looks like a cliff-like crash, with extremely fierce downward speed, causing many people to completely panic.
First, stay calm, let's see the essence clearly: the 15-minute level price directly violently breaks through the lower Bollinger Band, the Bollinger Bands are opening extremely downward, the MACD green bars are continuously expanding to an extreme, and the BIAS divergence is all pushed to a historically oversold low level.
In the short term, the bears are indeed frantically releasing, and the downward trend looks unstoppable.
But the more this kind of indiscriminate, rebound-free rapid plunge occurs, the less it represents a true trend reversal.
This is the ultimate panic shakeout by the main force.
Now all short-term selling momentum has been fully exhausted in one go, all panic and stop-loss orders have been concentrated and cleared out, those who should cut losses or can't hold on have already exited.
Now is definitely not the time to blindly follow the trend and sell off at low levels.
Those who positioned during the early morning, those who should take profits, have already perfectly cashed out;
For friends still holding and trapped at noon, do not panic sell at low levels.
At this extremely oversold position, you can instead lightly add a long position to lower your average holding cost.
The fundamental bullish trend has not been broken at all, a sharp decline never lasts long, and after a crash, a strong technical rebound and recovery are inevitable.
Don't let the current rapid decline crush your confidence.
The more everyone feels hopeless and bearish now, the stronger the subsequent rebound will be.
Stay firm in your original bullish outlook, be patient through the volatility, and wait quietly for the market to bottom out and rebound, reclaiming lost ground.
Time will surely reward the bulls.