PUNDIX's recent dip is counterintuitive: the more panic, the more you should check if the sell pressure is nearing its end.
PUNDIX has seen a -12.98% drop in the last 24 hours, and the pullback is quite deep. Right now, the focus isn't on how much it's dropped, but rather if the selling pressure is close to finishing. The current price is around 0.1414, with a 24h trading volume of about 59.82 million. The increased volume seems more like a concentrated release from panic sellers.
Reference indicators: 30m Super Trend at 0.149040, and the current price is above that, indicating a trend continuation; 30m KDJ at 34.51/40.70/22.12 suggests short-term volatility is a bit hot; conversely, if the J value rebounds weakly, short-term volatility could easily turn weak again.
The real point of contention lies in the divergence: some are looking for a breakdown, while others are hoping for a panic recovery. I’m more interested in whether the trend protection level can be reclaimed. If not, even a strong rebound could easily turn into a weak recovery.
In this position, don’t rush to catch the bottom; the quality of the next rebound is more important than opinions.
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