Stop-loss got hit three times; today’s market is toxic.
$EDEN is up 82%, with a trading volume of 16.9M. That kind of volume can’t be done by retail traders alone. I checked the news flow and didn’t see any real, solid positive catalysts. Most likely it’s the market maker staging another self-directed performance. I’ve seen this plot too many times: a zero-volume spike, then a sudden dump. Chasing in is basically handing over a head. My take is: don’t touch it—this is a trap.
On the other side, $NFP is down 66%, and the price is directly at 0.00181. Volume is 3.8M—not that big, honestly—but with a drop this scary. I don’t think this is panic-driven capitulation; it looks more like the project team or early holders are distributing. A move this big doesn’t look like a normal pullback. If this coin doesn’t have fundamental support, the more you try to bottom-fish, the more you lose.
Bitcoin, on the other hand, is pretty steady—63470, down 0.16%. The funding rate is 0.0095, which is still relatively healthy. Right now the market is splitting: good coins are consolidating, while junk coins are being abandoned by capital.
I shorted BTC today and made a small profit. In a bear market, do less trading and don’t chase hotspots. Living longer is the real way.
Have any of you bought the dip on these crash coins? Drop your thoughts in the comments.
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.
$EDEN is up 82%, with a trading volume of 16.9M. That kind of volume can’t be done by retail traders alone. I checked the news flow and didn’t see any real, solid positive catalysts. Most likely it’s the market maker staging another self-directed performance. I’ve seen this plot too many times: a zero-volume spike, then a sudden dump. Chasing in is basically handing over a head. My take is: don’t touch it—this is a trap.
On the other side, $NFP is down 66%, and the price is directly at 0.00181. Volume is 3.8M—not that big, honestly—but with a drop this scary. I don’t think this is panic-driven capitulation; it looks more like the project team or early holders are distributing. A move this big doesn’t look like a normal pullback. If this coin doesn’t have fundamental support, the more you try to bottom-fish, the more you lose.
Bitcoin, on the other hand, is pretty steady—63470, down 0.16%. The funding rate is 0.0095, which is still relatively healthy. Right now the market is splitting: good coins are consolidating, while junk coins are being abandoned by capital.
I shorted BTC today and made a small profit. In a bear market, do less trading and don’t chase hotspots. Living longer is the real way.
Have any of you bought the dip on these crash coins? Drop your thoughts in the comments.
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.