The BOB Coin Long-Short Chessboard is staging a battle for chip replacement
Based on current market data, the technical aspect of BOB shows a bearish pattern: the price of 0.05367 has fallen below the 30-day moving average of 0.05685, forming a death cross, and the 7-day line at 0.05365 constitutes weak support.
The order ratio of +0.21% indicates slight buying pressure but insufficient volume, with the main force placing orders exceeding 2 million USD in the 0.05365-0.05368 range to support the price. However, recent transactions have continuously seen large sell orders at the 150M level hit the market.
Before the sharp decline, there was a "wait for the explosion" warning signal. Coupled with the volatility expanding to 1.34% yet closing down 0.13%, it indicates that bears are in control.
Before breaking the 0.052 forward support, there may be a technical rebound, but the pressure from the 30-day line is strong. A reversal requires sustained volume to break through 0.05685 along with favorable fundamentals.
The market has experienced a sharp decline, and I will prepare some suitable coins for bottom fishing as part of the recovery plan. If you feel confused and helpless, follow me! Choice is greater than effort!
