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.
BREV34.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MysteryBoxOpenervip
· 01-06 23:50
23% directly invested, this is outrageous Really don't catch flying knives, I got caught last time Wait for the bottom confirmation before talking, don't go against the trend
View OriginalReply0
PebbleHandervip
· 01-06 23:50
Don't try to bottom fish. I got caught like this last time, damn it.
View OriginalReply0
CoffeeNFTsvip
· 01-06 23:43
The flying knife can't catch it, this wave of BREV is just breaking through the bottom.
View OriginalReply0
DataPickledFishvip
· 01-06 23:41
Wow, BREV is really fierce this time. RSI is already at 27 and it's still dropping. Truly impressive. Wait, this is the power of trend killing. Even oversold indicators can't hold up. I really don't dare to catch the flying knife. Maybe wait until the bottom signal appears. MACD hasn't even turned around yet. What's the rush?
View OriginalReply0
just_another_walletvip
· 01-06 23:37
Those who take the flying knife are all newbies, that's what I mean.
View OriginalReply0
AirdropHunter007vip
· 01-06 23:26
Those who take the flying knife are all newbies; I'll just watch.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)