$SNXXB , oh wow, this cut is ruthless.
Current price around $15.54
In the past 24h it’s down about 5.0%, and volume is weak
Analysis: In just 5 minutes it got dumped by nearly 6%. This isn’t a slow, creeping decline—someone is urgently trying to get out. At this level, I’m not looking to go long or short; I’ll just wait. First, watch the low at 15.33—this was the level that got dumped today. Whether it can break into a second low without falling below it is one thing; whether it breaks is another. With volume this weak, it suggests there aren’t many people stepping in. Seriously, don’t rush to guess the bottom. If 15.33 can’t hold up, then we’ll have to find a new level below—so there’s even less reason to act. In short, my principle is simple: if I can’t see a clear sign of the selling stopping, I won’t touch it. Did it hold through this move?
Current price around $15.54
In the past 24h it’s down about 5.0%, and volume is weak
Analysis: In just 5 minutes it got dumped by nearly 6%. This isn’t a slow, creeping decline—someone is urgently trying to get out. At this level, I’m not looking to go long or short; I’ll just wait. First, watch the low at 15.33—this was the level that got dumped today. Whether it can break into a second low without falling below it is one thing; whether it breaks is another. With volume this weak, it suggests there aren’t many people stepping in. Seriously, don’t rush to guess the bottom. If 15.33 can’t hold up, then we’ll have to find a new level below—so there’s even less reason to act. In short, my principle is simple: if I can’t see a clear sign of the selling stopping, I won’t touch it. Did it hold through this move?
