Crypto | Bottom Watch | September 5
Down 80% and still sideways for 70 days—this a trap or the bottom?
Honestly, after scanning today’s bottom-hunter data, I felt a chill down my spine.
$RECALL score 68, down 75.8%, sideways for 70 days. This kind of patience isn’t something retail investors can endure; either the project team has no money, or big holders are quietly accumulating.
TRUTH is down 81.1%, ALLO is down 87%, and both have also been flat for 4–5 months, with current prices at 0.0168 and 0.0862.
My experience: a sharp drop plus a long sideways range usually means signs of accumulation by the main players, but you have to rule out the risk of going to zero first. I won’t jump in immediately; I’ll only consider it after two signals:
1. A volume breakout above the top of the sideways range, with a big bullish candle to ignite the move
2. Whale addresses on-chain starting to become active
On the news side, $SUI is still down 6% after ETF inclusion, so good news has turned into bad news once priced in. The $TON wallet cross-chain rollout has landed, but I still don’t dare chase it at this position.
The bottom hunter only tells me someone is doing work here; it doesn’t mean a pump is coming right away. My stance today: place orders and watch, don’t chase highs.
Do you think these old coins that have been sideways for three months are opportunities or traps? Let’s chat in the comments.
Down 80% and still sideways for 70 days—this a trap or the bottom?
Honestly, after scanning today’s bottom-hunter data, I felt a chill down my spine.
$RECALL score 68, down 75.8%, sideways for 70 days. This kind of patience isn’t something retail investors can endure; either the project team has no money, or big holders are quietly accumulating.
TRUTH is down 81.1%, ALLO is down 87%, and both have also been flat for 4–5 months, with current prices at 0.0168 and 0.0862.
My experience: a sharp drop plus a long sideways range usually means signs of accumulation by the main players, but you have to rule out the risk of going to zero first. I won’t jump in immediately; I’ll only consider it after two signals:
1. A volume breakout above the top of the sideways range, with a big bullish candle to ignite the move
2. Whale addresses on-chain starting to become active
On the news side, $SUI is still down 6% after ETF inclusion, so good news has turned into bad news once priced in. The $TON wallet cross-chain rollout has landed, but I still don’t dare chase it at this position.
The bottom hunter only tells me someone is doing work here; it doesn’t mean a pump is coming right away. My stance today: place orders and watch, don’t chase highs.
Do you think these old coins that have been sideways for three months are opportunities or traps? Let’s chat in the comments.