A few days ago, the $SNDK sharp drop left many people confused—right from 1628 it was smashed down to 1520.
In the middle, it only took a few short hours to plunge. Many chasing-high retail investors and newcomers ended up trapped, or even got liquidated.
But after a continuous selloff, the short-term is now extremely oversold. This drop has already flushed out a large amount of profit-taking and stop-loss orders, and the selling pressure has basically been exhausted. Support below has appeared. Most likely, there will be a period of small upside rebound to repair the market—what people commonly call a minor pullback.
Of course, this rebound is a rebound within a downtrend, not the immediate start of a big bull run—so you still can’t blindly go all-in with heavy position sizing.
@币安广场
#阿里巴巴港股募资102亿美元 #Solana启动治理投票拟通缩率翻倍
In the middle, it only took a few short hours to plunge. Many chasing-high retail investors and newcomers ended up trapped, or even got liquidated.
But after a continuous selloff, the short-term is now extremely oversold. This drop has already flushed out a large amount of profit-taking and stop-loss orders, and the selling pressure has basically been exhausted. Support below has appeared. Most likely, there will be a period of small upside rebound to repair the market—what people commonly call a minor pullback.
Of course, this rebound is a rebound within a downtrend, not the immediate start of a big bull run—so you still can’t blindly go all-in with heavy position sizing.
@币安广场
#阿里巴巴港股募资102亿美元 #Solana启动治理投票拟通缩率翻倍
小幅度反弹
42%
低位迹象来回磨
16%
反弹乏力再度下探
42%
62 votes • Voting closed
