The Big Pie has dropped three times in a row, is there a hidden rebound opportunity under the bearish trend?
In the past three days, the price of Big Pie has dropped significantly, and the trend is concerning. The price quickly dipped to around 91,000, clearly forming a downward channel on the K-line chart, with a strong bearish atmosphere in the market.
From the technical indicator analysis, the MACD indicator on the hourly chart is in the negative territory, with both the DIF line and DEA line diverging downwards. This pattern is a typical short-term bearish signal, indicating that bearish forces still dominate in the short term.
Looking at the EMA moving average system, all three lines show a downward trend, and the price of Big Pie is below all moving averages, further confirming the overall bearish trend. According to this trend, the price of Big Pie seems likely to continue falling.
However, the market is always full of variables. The RSI14 indicator on the hourly chart shows a current value of 41.5, which is close to the oversold area. This means that the market's selling sentiment may have been excessively released, and there is a certain rebound space for the price of Big Pie. If bullish forces gather, it could trigger a sharp rebound.
Overall, the main tone for today's Big Pie operation is still bearish. However, given the oversold situation indicated by the RSI, we need to be cautious of short-term rebound risks. It is recommended that the ideal entry point for short positions is around 94,000 and 94,800, with the first target below focusing on the previous low of 91,000. If this level is lost, the next target looks towards the 90,000 integer mark.
In operations, investors must strictly manage risk and flexibly adjust strategies according to market changes.