Attention traders! 🚨 BANK/USDT is giving us a scare. 😱 The price has fallen by -5.51% and the price action looks complicated.
If we look at the chart, the 7-period moving average (MA7) is at $0.068941, above the current price of $0.068376. This is a clear bearish signal! 📉 The MA25 and MA99 are also pointing downwards, confirming the trend.
The buying volume has decreased drastically, while selling volume has increased, suggesting strong selling pressure! 📉 It seems that the "bears" are in control for now, pushing the price down aggressively. And don't forget about manipulation, always lurking in these sharp movements!
Watch out for the level of $0.068291, which seems to be a key support. If decisively broken, we could see larger drops. The "longs" are suffering, with a very high long/short average, indicating that many are betting on a rise that is not coming.
Patience will be key here. It's not the time to "HODL wisely" if you don't have a clear strategy. The "attentive traders" will look for opportunities if the price rebounds at a strong support level or if the buying volume shows a recovery.
Keep a close eye on BANK/USDT! 😬
