Xbit took a long position 12 hours ago with a tight, trailing stop-loss order. The long position was triggered by;

1) The Lower Shadow of the 3-day chart closely approaching the Tenkansen (Conversion Line) of Ichimoku.
2) The Lower Shadow of the 1-day chart closely approaching the Kijunsen (Base Line) of Ichimoku.
3) The rapid speed of the price drop.

We are closely monitoring the situation and waiting to see if we break through key resistance lines on the 4-hour chart before adding to our long position.

1-day

3-day