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BREV straight-line plunge, dropping 23% in just one hour. The RSI has already fallen to 27, indicating an extreme oversold condition. Looks like a rebound is imminent, right? But the MACD has been below the zero line with a dead cross and has not given any rebound signals, showing no signs of stopping the decline. This is a typical trend-dominant market—oversold conditions can still see prices going lower.
Currently, the price is stuck around 0.3358. Honestly, the most dangerous move at this point is to try to catch the falling knife. Instead of bottom fishing, it's better to wait for signals and let the market form a bottom pattern first.