Look,
$XVS is straight-up bleeding right now. We’re staring at a brutal 13% drop, and honestly, the chart looks like it’s falling off a cliff.
The bears aren't just winning; they’re dominating. We just watched it tank from nearly $5 down to a $4.52 floor. Right now, the price is hovering at 4.58, and if you look at the SuperTrend, it’s glowing bright red. It’s basically telling us "don't touch this" unless you see a break back above that 4.67 mark.
Here’s the real talk:
The Trap: Don’t get fooled by those tiny green blips at the bottom. It might just be a "dead cat bounce" before it sinks even further.
The Play: If you’re looking to go long, you’re catching a falling knife. Wait for some actual stability. If you’re shorting, you’re riding the wave, but keep your stop-loss tight because crypto can flip in a heartbeat.
It’s a high-stress zone. Some people are panic selling, others are waiting to scoop up the bottom. Whatever you do, don't trade on emotions. This market doesn't have a heart.
#XVS