Family, who understands this! Is this dip of VANRY an opportunity or a trap?
Family, who understands this, when I woke up this morning and looked at the VANRY market, I was totally stunned. From the 0.006450 yesterday afternoon, it has dropped all the way to 0.006120 now, nearly a 3% drop in 24 hours, and the SUPERTREND has turned red, the whole market is a sea of green, making my heart ache.
From the 15-minute candlestick chart, it was strongly fluctuating above the SUPERTREND yesterday afternoon, and the RSI once surged to 75, which is clearly overbought. As a result, by midnight, a large bearish candle directly broke the trend line, the SUPERTREND turned red, and the bearish signal is clear. Now the price is fluctuating between 0.006071 and 0.006135, and the RSI has also dropped to 33. Although there are signs of being oversold, the MACD is still in a dead cross, and there is considerable pressure for a short-term rebound.
As a long-term holder of Vanar, I am actually not panicking at all. I have always been optimistic about Vanar's technical foundation and ecological layout; short-term fluctuations are just the norm in the crypto market. At this position, instead of panicking and cutting losses, it is better to analyze calmly: is it going to continue to drop or rebound from the bottom?
My personal strategy is to first observe the support strength at the low point of 0.006071. If it can hold, there may be a small rebound; if it breaks, then we need to look at the previous low of 0.005936. In terms of operations, I will control my position well, not blindly bottom-fishing, nor easily chasing shorts, patiently waiting for the trend to become clear.
After all, in this market, staying alive is more important than anything else. Family, what do you think? Is it bottom-fishing or wait-and-see?
