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$UB 24-hour plummet of 24%, market cap evaporated by over 40 million, but I have to say, the more retail investors cut their losses aggressively, the more the big players smile happily, because this waterfall is essentially a shakeout, not a collapse.
You see 0.0850 hitting a 30-day low, I see the 24-hour trading volume of 15.6M being twice the average of the past 5 days, indicating panic selling and leveraged liquidations are concentrated.
Historical data tells me that $UB rebounds an average of 23% within 7 days after each major correction, and the current RSI has fallen to 28 in the oversold zone, which is a standard bottom-fishing signal.
Here's my direct trading plan: now place a light position order at 0.0850, set a stop loss below 0.0750, take profit at the first target of 0.11, and the second target of 0.13.
Control the position size within 5% of total funds, because there are a large number of short orders hanging around 0.1224, so the rebound won't happen overnight.
But don’t rush to call me reckless. Look at on-chain data: in the past 24 hours, holdings of 10 addresses increased by 2.1%, while exchange outflows increased by 7.8%, indicating smart money is accumulating at low prices.
The most ironic thing is, those who chased the high at 0.12 are now cutting losses at 0.085, while bottom-fickers haven't even started yet.
You might say, “Buying the dip after such a drop is suicidal.”
Yes, I’m betting this big bearish candle is the last straw.
Either you place orders with me and bet on a rebound, or you watch 0.085 turn into 0.12 and then slap your forehead.
Leave your stop-loss levels in the comments; if more than 50 likes, I’ll share my actual trading records.
Dare to vote: bet that $UB will rebound above 0.1 within 3 days?