📉 $BDXN
FLASH CRASH: -40% Wipeout! 🩸 Dip Buy or Falling Knife?
While the rest of the market is pumping, $BDXN has taken a brutal nose dive, crashing -40.47% to $0.01989. The 4H chart shows a classic "Pump and Dump" structure with a massive wick up to $0.045. Is the worst over, or is this going to zero? 👇
📊 Technical Autopsy (4H Timeframe)
1. The "Wick of Destruction" 🕯️
The candle reaching $0.04558 has a massive upper wick.
Translation: Buyers tried to push it to the moon, but sellers slammed it back down instantly. This indicates massive profit-taking and trapped bulls at the top.
2. The Critical Floor (EMA 99) 🛡️
There is one glimmer of hope. The price is currently finding support right above the Purple EMA 99 Line ($0.01877).
Bull Case: As long as we stay above $0.0187, a "Dead Cat Bounce" (relief rally) is possible.
Bear Case: If a 4H candle closes below $0.0187, there is very little support below. Next stop could be the $0.0155 low.
3. Resistance Flip 🧱
The EMA 7 (Yellow) and EMA 25 (Pink) are now above the price at roughly $0.0210.
Previously support, these lines now act as a ceiling. The price needs to break back above $0.0212 to confirm any bullish strength.
🎲 Trading Scenarios
🚫 Danger Zone (Don't Long Yet):
Buying now is risky ("catching a falling knife"). The trend is aggressively down. Wait for the price to reclaim the $0.021 level before entering a Long.
🐻 Bearish Continuation:
If the price bounces to $0.0210 and gets rejected (fails to cross the yellow line), it’s a prime Short setup targeting a retest of the lows at $0.0155.
🔮 Verdict
Volatility is extreme. This is a "gambler's chart" right now.
Conservative Traders: Stay away. The dust hasn't settled.
Scalpers: Watch the $0.0187 level. A bounce there could yield a quick 5-10%, but keep stops tight!
Did you get caught in the wick or did you short the top? Tell us your story! 👇
#bdxn #cryptocrash