Garbage Coin Battle Royale! $NEWT links to Bitcoin diving to the point of no return!
NEWT completely crashed today! The 1-hour chart fell to the ground, opening at 0.395 and plummeting to 0.3903, a nearly 10% drop with not even a decent rebound,
The market has three death signals flashing red:
First, MACD's dead cross under water with green bars dropping to -0.0050, the gap between DIF and DEA is widening, proving that the bears are still aggressively adding to their positions;
Second, KDJ's three lines are all useless, with the J value lying flat at 0.34 in the oversold zone waiting to die, this kind of dull trend shows that the dog dealer is too lazy to even induce a pump;
Third, the most lethal is the position at 0.3927, where there are dense upper shadows, and every time there is a fake pump, the bottom-buying orders get blown up.
Now, absolutely do not catch falling knives; personally, I predict that if 0.385 breaks tonight, we will directly see the abyss at 0.350. For those holding positions in spot trading, selling now can still save half a life; if you want to speculate on a rebound, wait until it stabilizes above 0.395 before considering! This kind of garbage small coin linked to Bitcoin diving is a nuclear-level crash.
Although the market is slightly sluggish now, opportunities will come, so just wait for the pullback, and feel free to discuss future market views anytime.