From a capital-flow perspective:
24-hour biggest losers among futures:
1) $PONS -17.70%
2) $US -17.27%
3) $BR -11.16%
4) AKE -9.23%
5) Lobster -8.29%
Hot money is fleeing these coins. Next, watch for two signals: whether large orders step in to buy during the decline, and whether trading volume contracts. Wait for both before saying the decline has bottomed.
#PONS
24-hour biggest losers among futures:
1) $PONS -17.70%
2) $US -17.27%
3) $BR -11.16%
4) AKE -9.23%
5) Lobster -8.29%
Hot money is fleeing these coins. Next, watch for two signals: whether large orders step in to buy during the decline, and whether trading volume contracts. Wait for both before saying the decline has bottomed.
#PONS