Market correction hit STBL hard—that higher low we were watching? Gone. The broader pullback took it down, but honestly, it's nothing to panic about yet. The real story here is the downtrend staying intact. Everything hinges on the 20-period moving average right now. Break above that level and we could be looking at serious upside momentum building on the chart. That's the line in the sand for bulls.
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.
18 Likes
Reward
18
6
Repost
Share
Comment
0/400
CoffeeNFTrader
· 12-17 20:06
The 20-day moving average is the real dividing line; only when it breaks does the game begin.
View OriginalReply0
Seregaspb
· 12-17 15:56
Why panic? It's time to accept that this shit will keep falling forever😂
View OriginalReply0
GasGoblin
· 12-16 16:55
Did the 20-day moving average break down? That's the key, everything else is nonsense.
View OriginalReply0
LonelyAnchorman
· 12-16 16:55
The 20-day moving average can't be broken, so this wave still needs to continue falling.
View OriginalReply0
WhaleMinion
· 12-16 16:46
The 20-day moving average is the line between life and death; only when it breaks can there be hope, otherwise it will continue to be bearish.
View OriginalReply0
PuzzledScholar
· 12-16 16:40
The 20-day moving average is the real test. If it breaks, there's hope; if it doesn't, what to do?
Market correction hit STBL hard—that higher low we were watching? Gone. The broader pullback took it down, but honestly, it's nothing to panic about yet. The real story here is the downtrend staying intact. Everything hinges on the 20-period moving average right now. Break above that level and we could be looking at serious upside momentum building on the chart. That's the line in the sand for bulls.