Many times in the past, when CND has fake break-out from the Orange MA, it drop more. Is it still the same in this time ? We can also see that, whenever it has FLASH drop, CND tend to pump to break the MA. So CND is a good way to gain back your loss when there are bitcoin violation, but be careful to take your profit when it touch the orange MA.
There are also some reversal sign on CND: - Bullish Divergence on 4h - Oversold on RSI
PS: This is just my point of view. Do not take it as a financial advice. Peace!