It only took 24 hours to fall from 0.1282 to 0.0815. This long bearish candle directly smashed through the key support at 0.0920, the bottom of the daily box range.

The rebound within 6 hours couldn't even hold 0.0860, indicating the bears won't give you a chance to run.
The technical signal is clear: this is a standard breakdown with volume. RSI directly plunged into the oversold zone at 24, but do you dare to buy the bottom?
The last time such a daily-level divergence occurred was in early January, when UB fell from 0.15 to 0.07.
Currently, the MACD death cross gap is still widening, and the DIF line is still some distance from the zero axis. Any rebound before a bottom golden cross is a bull trap.
The 24-hour trading volume is still $145 million. It's not that no one is buying; it's that all the buyers have been buried.
The intraday low of 0.0815 is temporarily holding, but look at the 5-minute candlesticks: every time it rebounds to around 0.0850, it gets smashed back down, indicating this is the average price line for concentrated capital flight, and the bears are waiting to close the net.
Operational advice: either stay in cash and watch, or trade short-term rebounds but set your stop-loss.
If you're bold and want to catch a rebound, enter between 0.0830 and 0.0820, stop-loss must be placed below 0.0805, and if it breaks, accept the loss.
Take profit at 0.0880 to 0.0900, which was the previous dense chip zone. Leave when it hits, don't be greedy.
Position size no more than 5%. This is not the main wave; it's just a pool of others' blood.
Technical target: if 0.0800 is lost, the only support below is around 0.0720, a weekly line previous low. Below that is the monthly gap at 0.0650.
Don't ask me now if buying can get your money back. When playing with altcoins, first learn to see the liquidity trap behind a big bearish candle.
I'm that Old Six who is still watching the charts at 3 a.m. every day. Welcome to my Square homepage to see if we can print a daily-level bottom hammer tomorrow.