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BROCCOLI714 has dropped 26% in the past 24 hours, with technical indicators showing an oversold condition, and the RSI reaching extremely low levels. On-chain data indicates that behind this sharp decline, large investors are accelerating their exit, forcing retail investors to buy the dip.
The current price hovers around 0.0296. From a short-term perspective, highly oversold assets often trigger technical rebounds. Considering the limited liquidity and high volatility, aggressive traders can try small positions at this level, with a hard stop-loss at 0.0280, and aim for a rebound target of 0.032.
If the price encounters resistance in the 0.032-0.033 zone and fails to push higher, it’s time to consider short positions, targeting a return to 0.029.
In simple terms, this is a high-risk small-cap coin with thin liquidity and large price swings, suitable only for short-term trading with extreme positions. If you come in to catch a rebound, you should exit quickly—don’t expect to bottom-fish and hold long-term. The main players have already exited; what remains is just short-term technical correction. Opportunities and risks are separated by a single thought.
Remember: trading is always a game of probabilities. Only take positions with relatively high win rates, and be patient and observant at other times.