"From 204.9 to 198.4: Is it a crash? Or a golden correction opportunity? 📉📈"
The drop from 204.9 to 198.4 is not considered a crash, but rather closer to a natural correction within an upward trend.
Here’s the simplified technical analysis based on the image:
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📉 Technical Context
- The price is still above previous support levels, indicating that the overall trend has not broken
- The RSI indicator does not show sharp selling exhaustion, but is moving within a moderate range
- MACD does not indicate a clear negative reversal, but remains in a positive zone
- The presence of fluctuations within the Bollinger range indicates healthy movement within the market
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🔍 What’s the difference?
- Correction: A temporary downward movement within an upward trend, often in the range of 5–15%
- Crash: A clear break of strong support levels, with sharp selling momentum and concurrent negative indicators
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📊 Conclusion
What has occurred is a natural technical correction after a strong upward wave, and it may present an opportunity to re-enter if the price maintains support at 192–195.
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