A 42% drop, yet trading volume surged to 47.6 million U — COLLECT’s selling pressure is pretty alarming.
Price plunged straight from 0.104 to 0.044, weakening throughout the 8-hour period. What’s even more notable is that the long/short ratio shows 62% of people are still going long, and the funding rate remains positive at 0.0259%.
Simply put: the price has already collapsed, but the bulls still haven’t conceded. This is often the most dangerous time — if it keeps breaking below the 0.044 low, it could trigger more stop-loss orders.
My personal take: don’t rush to buy the dip; wait for volume to cool down and the long/short ratio to return to balance before taking another look.
$COLLECT #暴跌预警 #62% bulls
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Price plunged straight from 0.104 to 0.044, weakening throughout the 8-hour period. What’s even more notable is that the long/short ratio shows 62% of people are still going long, and the funding rate remains positive at 0.0259%.
Simply put: the price has already collapsed, but the bulls still haven’t conceded. This is often the most dangerous time — if it keeps breaking below the 0.044 low, it could trigger more stop-loss orders.
My personal take: don’t rush to buy the dip; wait for volume to cool down and the long/short ratio to return to balance before taking another look.
$COLLECT #暴跌预警 #62% bulls
Tap the small card below to quickly check the market 👇
