Veterans look at TRIA, and the first thing that catches their eye isn't the drop percentage but whether the sell pressure will continue after the sharp decline.
TRIA has dropped -15.08% in the last 24 hours, pulling back significantly. Right now, the focus isn't just on how much it's dropped but whether the sell-off is nearing its end. The current price is around 0.02477, with a 24h trading volume of approximately 5.1115 million, and the increased volume suggests a panic sell-off is being released.
Reference indicators: 30m Super Trend at 0.025479, and the current price is above it, indicating a trend continuation structure; 30m KDJ at 23.55/23.40/23.84 suggests short-term volatility is on the hotter side; conversely, if the J value fails to rebound, short-term volatility could easily weaken again.
The order book needs to provide two answers: can the trend protection level be reclaimed, and has the short-term rebound formed a second confirmation? If both are stable, it looks like a recovery; if only one is stable, then it's still weak consolidation.
In this type of pullback, the real focus isn't on how much it's dropped but whether the selling pressure is easing and whether the structure can recover.
#TRIA #Alert
TRIA has dropped -15.08% in the last 24 hours, pulling back significantly. Right now, the focus isn't just on how much it's dropped but whether the sell-off is nearing its end. The current price is around 0.02477, with a 24h trading volume of approximately 5.1115 million, and the increased volume suggests a panic sell-off is being released.
Reference indicators: 30m Super Trend at 0.025479, and the current price is above it, indicating a trend continuation structure; 30m KDJ at 23.55/23.40/23.84 suggests short-term volatility is on the hotter side; conversely, if the J value fails to rebound, short-term volatility could easily weaken again.
The order book needs to provide two answers: can the trend protection level be reclaimed, and has the short-term rebound formed a second confirmation? If both are stable, it looks like a recovery; if only one is stable, then it's still weak consolidation.
In this type of pullback, the real focus isn't on how much it's dropped but whether the selling pressure is easing and whether the structure can recover.
#TRIA #Alert