$SOMI #SOMI
I once entered a falling market because I believed the price had already dropped enough. The decline continued, and I learned a simple lesson: a big drop does not tell you where the bottom is.
SOMI is among the biggest losers in the list you shared. Moves like this can make traders interested in possible rebounds, but the risk can also be high.
When I see heavy selling, I prefer watching whether volume begins to change and whether buyers can hold a support area. Without confirmation, guessing a reversal can be dangerous.
The market does not have to reverse just because a coin has fallen a lot.
For me, the better approach is patience. Let the chart show signs of strength before making a decision. Protecting capital gives you more opportunities for future trades.
I once entered a falling market because I believed the price had already dropped enough. The decline continued, and I learned a simple lesson: a big drop does not tell you where the bottom is.
SOMI is among the biggest losers in the list you shared. Moves like this can make traders interested in possible rebounds, but the risk can also be high.
When I see heavy selling, I prefer watching whether volume begins to change and whether buyers can hold a support area. Without confirmation, guessing a reversal can be dangerous.
The market does not have to reverse just because a coin has fallen a lot.
For me, the better approach is patience. Let the chart show signs of strength before making a decision. Protecting capital gives you more opportunities for future trades.