$NFP dropped hard by -65%, and at 0.002 this price level is painful to look at. The 4M trading volume shows some people panic-selling, while others want to buy the dip. According to Binance real-time data, this thing is basically licking the edge of a knife right now. Support is at 0.0018; if it breaks, don't catch the falling knife. Above, resistance is at 0.0025, and if it can't reclaim that on a pullback, it's a good chance to get out. I tried a long yesterday and got buried instantly, stopped out and left. Nothing to be ashamed of.
$CREAM is strong though, up +65% but with only 276K in volume, a classic pump with no follow-through. Don't chase this kind of move; if you go in, you're just taking the bag. $VIB and $BETA are down bad, and their volume has shrunk to that level too. Liquidity is too poor, don't touch them. $MARSCOIN is even worse, don't even look at it; it's on the road to zero.
There isn't much of a big move today. U.S. stocks are flat with the Nasdaq slightly up, gold and crude oil aren't doing much either, and capital is sitting on the sidelines. Altcoins are each doing their own thing, so don't get fooled by one-day spikes. You have to see whether volume can continue.
$NFP at this spot: if you really want to trade it, keep the position small. Set a stop loss at 0.0018, and if it rises to 0.0022, just take profits and run. Remember, losing money isn't embarrassing; losing a lot of money is. I've also been reflecting these past few days: for coins with this much volatility, position sizing matters way more than guessing direction. If you make money, remember to take it—don't be greedy. Click on $NFP and $CREAM to check the pages; anyway, if you're looking at the market, not
$CREAM is strong though, up +65% but with only 276K in volume, a classic pump with no follow-through. Don't chase this kind of move; if you go in, you're just taking the bag. $VIB and $BETA are down bad, and their volume has shrunk to that level too. Liquidity is too poor, don't touch them. $MARSCOIN is even worse, don't even look at it; it's on the road to zero.
There isn't much of a big move today. U.S. stocks are flat with the Nasdaq slightly up, gold and crude oil aren't doing much either, and capital is sitting on the sidelines. Altcoins are each doing their own thing, so don't get fooled by one-day spikes. You have to see whether volume can continue.
$NFP at this spot: if you really want to trade it, keep the position small. Set a stop loss at 0.0018, and if it rises to 0.0022, just take profits and run. Remember, losing money isn't embarrassing; losing a lot of money is. I've also been reflecting these past few days: for coins with this much volatility, position sizing matters way more than guessing direction. If you make money, remember to take it—don't be greedy. Click on $NFP and $CREAM to check the pages; anyway, if you're looking at the market, not
