📉 $TRUTH Slides -15%: Critical Support Broken! Time to Catch the Knife? 🩸
The TRUTH/USDT pair is currently in freefall, trading at 0.011831 and shedding over 15% in the last 24 hours. The 4H chart shows significant technical damage, but extreme indicators suggest a relief rally could be brewing.
🐻 The Bearish Breakdown:
Major Support Failure: The most alarming signal is the price crashing below the EMA(99) (Purple line at 0.01216). This long-term trend indicator often acts as the "line in the sand" for bull markets. Closing below it is a strong bearish signal.
Negative Momentum: The MACD is expanding downwards into the red zone, indicating that sellers are currently in full control and momentum hasn't shifted yet.
💎 The Hidden Opportunity (Oversold Alert):
Extreme RSI Readings: The RSI(6) has plummeted to 22.38.
Any reading below 30 is considered "Oversold," and 22 is approaching extreme levels. Historically, when an asset is this beaten down, a "dead cat bounce" or a relief rally back to the mean is highly probable.
🎯 Trade Setup:
This is a high-risk, high-reward zone.
Conservative: Wait! Don't buy until the price reclaims the EMA(99) at 0.01216. A 4-hour close above this level would confirm the breakdown was a "fake-out."
Aggressive: Watch the recent low of 0.01133. If price sweeps this low and quickly bounces, it could be a scalp entry targeting a retest of 0.0125 (EMA 7).
Disclaimer: This is technical analysis, not financial advice. Volatility is high—manage your risk.
#TRUTH