Dropped nearly 20% in 24 hours, and those who chased the rally are now paying for their impulsiveness. $STAR This line has given back most of the gains from the previous two days in one go.
The funding rate is pinned at -0.0230%, and bears didn’t get cheap chips, which suggests this pullback wasn’t an "organized dump" so much as bulls panicking first. 37 million in turnover couldn’t support the 0.113 high; once price and volume diverge, a retest is only a matter of time. In the short term, the key is whether 0.0898 can hold as support—if it breaks, look for support around 0.080, with stop-losses set below 0.0840; if it holds, first rebound to 0.0980 to reduce positions, then aim for 0.105.
Whether this lower wick can really hold up will depend on tonight’s close.
#STAR
The funding rate is pinned at -0.0230%, and bears didn’t get cheap chips, which suggests this pullback wasn’t an "organized dump" so much as bulls panicking first. 37 million in turnover couldn’t support the 0.113 high; once price and volume diverge, a retest is only a matter of time. In the short term, the key is whether 0.0898 can hold as support—if it breaks, look for support around 0.080, with stop-losses set below 0.0840; if it holds, first rebound to 0.0980 to reduce positions, then aim for 0.105.
Whether this lower wick can really hold up will depend on tonight’s close.
#STAR