Need answers

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Has anyone experienced low amniotic fluid at 27.5 weeks? My water isn’t broken but fluid has decreased from a normal level 14 to a 4.7 over night :( they don’t know why. But baby looks great and all organs are functioning properly & she is breathing and has a nice heart Rate. And atlease has some amniotic fluid in there to move and what not. I was given steroid shots just Incase I had to have her soon. But am I able to carry full term still? The fluid went up only 1 centimeter the next day and I was on hella fluids and drinking a lot of water so I’m staying another night to hopefully go to atlease a level 6 tomorrow. Will I be considered high risk? & what are the risks of having low amniotic fluid.