⚠️ FALLING KNIVES: 2 COINS DUMPING HARD — DON'T CATCH THEM! ⚠️
STAR and ZEST are both experiencing heavy dumps today. While some traders might see this as "buy the dip," these are classic falling knives with no signs of reversal yet.
📌 1️⃣ $STAR (Starpower Network) — $0.08851 (-7.4%) 📉
🕯️ Candlestick: A sharp red breakdown from $0.103. The selling pressure is intense.
📈 MA Analysis: The price has dropped below MA7, MA25, and MA99. The structure is broken.
🎯 My Trade Plan: DO NOT catch this falling knife. Wait for stabilization above $0.095.
📌 2️⃣ $ZEST (Zest Protocol) — $0.16233 (-7.59%) 📉
🕯️ Candlestick: A steady bleed with consistent red candles. Sellers are in control.
📈 MA Analysis: Trading well below all major MAs. No signs of a bottom yet.
🎯 My Trade Plan: Wait for a reclaim of $0.170 before considering a long entry.
💬 QUESTION FOR YOU:
Do you buy the dip on coins that are down 7%+, or do you wait for structure to form first? Drop your strategy below! 👇
#BinanceSquare #TripleHeader #TechnicalAnalysis #STAR #ZEST #RiskManagement
STAR and ZEST are both experiencing heavy dumps today. While some traders might see this as "buy the dip," these are classic falling knives with no signs of reversal yet.
📌 1️⃣ $STAR (Starpower Network) — $0.08851 (-7.4%) 📉
🕯️ Candlestick: A sharp red breakdown from $0.103. The selling pressure is intense.
📈 MA Analysis: The price has dropped below MA7, MA25, and MA99. The structure is broken.
🎯 My Trade Plan: DO NOT catch this falling knife. Wait for stabilization above $0.095.
📌 2️⃣ $ZEST (Zest Protocol) — $0.16233 (-7.59%) 📉
🕯️ Candlestick: A steady bleed with consistent red candles. Sellers are in control.
📈 MA Analysis: Trading well below all major MAs. No signs of a bottom yet.
🎯 My Trade Plan: Wait for a reclaim of $0.170 before considering a long entry.
💬 QUESTION FOR YOU:
Do you buy the dip on coins that are down 7%+, or do you wait for structure to form first? Drop your strategy below! 👇
#BinanceSquare #TripleHeader #TechnicalAnalysis #STAR #ZEST #RiskManagement