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Hxlaw
Hxlaw
$UB • Main trend: The selling force is completely dominant. The price has just dropped sharply by -16.31% during the day, setting the lowest 24-hour bottom at 0.15132, close to the current price. • Candle structure: Long-body red candles appear in a row that break the previous support areas. The latest 4-ho'clock candle continued to plunge down without any signal of pulling the beard to stop falling, showing that the unloading pressure is still very strong. • Averages (MA): The price has cut down and is completely below the short and medium MA lines (MA5, MA10, MA20, MA30). These lines are steeply sloping, acting as a very strong short-term dynamic resistance area (the closest is MA5 at ~0.165 and MA10 at ~0.178). • Trading volume (Volume): The selling volume columns (red) increase in declines, confirming that a large cash flow is actively exiting the position. Conclusion: Absolutely do not catch the bottom at this time because there is no sign of creating a foundation or reversal. The downtrend continues, prioritize risk management or find short opportunities when the price technically returns to the upper MA areas.

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