$BR A sudden 50% cut in one day—right from 0.578 straight down to 0.25. The group chat was in howls. But when I checked the data: the 24-hour trading volume was 305.5M. That amount isn’t anything special on normal days, but during a plunge it shows that someone is taking orders below.
The key level is the 0.25 line. Today’s low was 0.25055—basically hugging 0.25. If it holds, it sets up the prelude to a double-bottom. If it doesn’t hold, there’s nothing much to say. In any case, anyone who should have run earlier already ran.
What’s interesting is that although the drop was so fast and sharp, it didn’t feel like there was much grinding, lingering “slow torture” on the way down. It was just one knife-cut, and the chips that needed to switch hands did switch. After the panic sellers get dumped, it’s often quiet like this.
My position isn’t large—I’m just watching. I put a small order near 0.25 to see how it goes. If there’s a rebound, my first target is that prior low cluster around 0.32. Something that’s down 50%—betting on a bounce isn’t embarrassing. The embarrassing part is going in heavy with a large position.
The key level is the 0.25 line. Today’s low was 0.25055—basically hugging 0.25. If it holds, it sets up the prelude to a double-bottom. If it doesn’t hold, there’s nothing much to say. In any case, anyone who should have run earlier already ran.
What’s interesting is that although the drop was so fast and sharp, it didn’t feel like there was much grinding, lingering “slow torture” on the way down. It was just one knife-cut, and the chips that needed to switch hands did switch. After the panic sellers get dumped, it’s often quiet like this.
My position isn’t large—I’m just watching. I put a small order near 0.25 to see how it goes. If there’s a rebound, my first target is that prior low cluster around 0.32. Something that’s down 50%—betting on a bounce isn’t embarrassing. The embarrassing part is going in heavy with a large position.