$SKYAI I bet it will hit 0.07 tonight. If I lose, I'll do a handstand and eat spicy sticks in the livestream. It dropped 22.95% in 24 hours to 0.0864, with trading volume still at 27.8M, indicating that the panic selling hasn't finished but the bag holders are still gritting their teeth. High 0.1145, low 0.0853, the lower shadow almost pierced through the shorts. On-chain data shows that whale wallets are distributing while retail is bottom-fishing. Historically, every time this structure appears, it drops another 15%+ the next day.

Don't talk to me about rebounds. 0.0853 is not the bottom at all. People who went in at 0.1145 yesterday are now losing an average of 25%. These people will definitely cut losses tonight, and the sell pressure will directly smash the price to around 0.07. On the technical side, the death cross between MA7 and MA30 is still widening, and the lower Bollinger Band can't hold it. Without a volume-driven recovery above 0.09, everything is a bull trap.
My strategy: I'm currently taking a light short position with a stop loss at 0.092, first take profit at 0.075, second take profit at 0.07. Position size shouldn't exceed 5%. This coin has decent liquidity but the wicks are fierce. Above 0.09 is a graveyard for shorts. If you want to gamble on a rebound, wait until the price holds above 0.088 with volume increasing to over 40M before considering. Going in now is just feeding the market makers.
I'm A Kun, an old retail investor. I only make predictions, not signals. If you think I'm wrong, take a screenshot and call me out tomorrow. See if I can practice what I preach.