I say: Don’t sell under the weight of panic. The market punishes emotional exits quickly.
Yesterday, I turned into a bullish view on $COLLECT around 0.0647$, and the price already pushed up to near 0.076$, i.e. about +17.5% of my expectation. It even reached a peak within 24 hours near 0.0773$.
What changed? That drop into the 0.063 area was absorbed, the sellers retreated, and buyers built a base. And when 0.068 to 0.070 was reclaimed, momentum returned quickly. In addition, today’s move came with strong activity: about 131.83M $COLLECT was traded, with trading volume over 24 hours of roughly 9.26M USDT.
In my opinion, this is exactly why panic-selling after a weak drop is a mistake. If the reclaimed zone holds, I still believe the 0.08$ area remains strongly on the table.
Now a big Long trade—later, print money.
Stop loss: 0.07
Take profit: 0.09
High risk as always, but the structure looks much better than it did yesterday.
COLLECTUSDT
Always
0.07201
+
Yesterday, I turned into a bullish view on $COLLECT around 0.0647$, and the price already pushed up to near 0.076$, i.e. about +17.5% of my expectation. It even reached a peak within 24 hours near 0.0773$.
What changed? That drop into the 0.063 area was absorbed, the sellers retreated, and buyers built a base. And when 0.068 to 0.070 was reclaimed, momentum returned quickly. In addition, today’s move came with strong activity: about 131.83M $COLLECT was traded, with trading volume over 24 hours of roughly 9.26M USDT.
In my opinion, this is exactly why panic-selling after a weak drop is a mistake. If the reclaimed zone holds, I still believe the 0.08$ area remains strongly on the table.
Now a big Long trade—later, print money.
Stop loss: 0.07
Take profit: 0.09
High risk as always, but the structure looks much better than it did yesterday.
COLLECTUSDT
Always
0.07201
+
