i'd say if price starts getting below $6400, you have lots of new sellers who bought over the last 3 months and will now see a downtrend forming.
It will definitely trigger sellers, but the effect of that might not be as severe with how little the room is between $6000 and $6400. I would be happy to scoop up some coins at these levels, so if the previous bottom breaks it's not the end of the world. It will allow me to get my average down further, and that's the only right thing to do.
in my eyes, breaking $6400 makes sub-$6000 inevitable. the downtrend will already have been confirmed. i definitely plan to be short by then if that's how things go. i hate shorting the corn, but i'll have no choice.
I don't expect any further fall in the price because we have already done with the correction phase
correction phase done? $20>$6k
may have just been the first leg down.
