BLUAI started at 1.5392 and rose all the way up, reaching a high of 1.6965, with the bulls appearing to be full of momentum. However, the market suddenly reversed, and the price plummeted straight down to around 0.005, with a maximum decline of 99.7%. The current price has already broken below the upward trend's trailing stop line at 1.6273, and the bears are now in full control.
The MACD indicator has formed a death cross and has been declining ever since, which is a clear signal of trend reversal. This is not simply a normal correction but a complete collapse of the entire trend structure. The bulls' defensive line has been breached, and caution should be exercised regarding subsequent risks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
11
Repost
Share
Comment
0/400
UnluckyValidator
· 01-06 08:45
99.7% decline? That’s terrifying. Dropping directly from 1.69 to 0.005, this isn’t a correction, it’s an explosion.
View OriginalReply0
MergeConflict
· 01-06 06:43
A 99.7% drop... Is this even called a coin? It's basically worthless paper now.
View OriginalReply0
PerpetualLonger
· 01-04 15:08
What the heck is a 99.7% drop? The retail bears are again creating panic. Don't panic, don't panic, the bottom-fishing opportunity is here.
View OriginalReply0
BuyLow,SellHigh.
· 01-03 12:51
Where is the bearish main force coming from?
View OriginalReply0
TokenStorm
· 01-03 10:56
99.7% decline, this is a situation that no matter how beautiful the technicals look, can't be saved. I was still backtesting this pattern the day before yesterday.
After the death cross, the price continued to plunge. I've seen this pattern happen 3 times in the past 72 hours, and each time the outcome was the same—disastrous. But to be honest, I still couldn't hold back.
When the bullish defense line is broken, it means either institutions are harvesting or the project itself is a dead end. Anyway, there's no escaping.
MACD doesn't lie, but it's always us, the technical believers, who end up losing money.
View OriginalReply0
LiquidationSurvivor
· 01-03 10:54
99.7% decline... I can't believe it, this isn't a correction, this is a complete wipeout.
View OriginalReply0
SlowLearnerWang
· 01-03 10:54
99.7% decline... I just want to know who was buying at the high prices.
View OriginalReply0
notSatoshi1971
· 01-03 10:50
99.7% drop? That's just insane, dropping directly from 1.69 to 0.005, completely wiping out the bulls.
View OriginalReply0
PonziWhisperer
· 01-03 10:45
99.7% drop hahaha, this is the crypto world. Yesterday I was dreaming of getting rich overnight, today the dream is shattered.
Falling from 1.69 to 0.005, what a contrast... I’m stunned, truly ruthless.
Even with the MACD death cross like this, you still want to buy the dip? Brother, I advise you to stop gambling.
This bear market has no mercy, the bulls' defense line has been smashed, escaping is the priority.
Another candidate for zeroing out, will BLUAI just fade away like this?
View OriginalReply0
BearHugger
· 01-03 10:43
A 99.7% drop is not a correction; it's a textbook-level explosion.
BLUAI started at 1.5392 and rose all the way up, reaching a high of 1.6965, with the bulls appearing to be full of momentum. However, the market suddenly reversed, and the price plummeted straight down to around 0.005, with a maximum decline of 99.7%. The current price has already broken below the upward trend's trailing stop line at 1.6273, and the bears are now in full control.
The MACD indicator has formed a death cross and has been declining ever since, which is a clear signal of trend reversal. This is not simply a normal correction but a complete collapse of the entire trend structure. The bulls' defensive line has been breached, and caution should be exercised regarding subsequent risks.