does the price again drop to 0.5500

$USUAL According to the new image, the current price is 0.6220 USDT with a decrease of 11.97%. There are several important points to note:

Technical Analysis:
1. Current Price:
• The price is moving below the important resistance at around 0.73-0.74 recorded in the last 24 hours, which means that there is strong selling pressure at those levels.
2. RSI Indicators:
• The RSI (12) indicator at 64.85 indicates that the market is approaching an overbought condition on the daily timeframe. This means that the correction is likely to continue before attempting to rise again.
3. Trading Volume:
• There are relatively high trading volumes, which indicates significant activity from buyers and sellers. However, the decline with high volume indicates the strength of sellers at this stage.
4. Market Trend:
• The price is still trading above the moving averages (MA), which means that the general trend is bullish, but caution is required as the current correction may continue.

What could happen?
• Before Pre-Market closes: A bullish bounce may occur if buyers step in to push the price closer to previous highs (0.73 or above).
• After Listing (December 18):
• If demand from Binance traders increases, the price may break out of the current resistance.
• If selling pressure continues, we may see a further drop to closer support levels such as 0.55 or below.

Practical tips:
1. If you intend to hold:
• Wait for the volatility caused by the listing to end.
• Have an exit plan if the price drops to critical levels (e.g. 0.50).
2. If you are considering Averaging Down:
• Buying more at strong support levels (0.55-0.50) may help reduce the average purchase cost, but be aware of the risks.
3. Watch the listing:
• There is usually a strong movement after the listing. If there is a sudden spike, you can use it to exit or cut losses.

Final Tip:

Watch the resistance of 0.73-0.74 and the current support level of 0.60-0.55.