$PLAY That cut was too decisive.
In the past 24 hours, it fell nearly 20%, with the low touching 0.02681. The high at 0.03809 was directly smashed through. The single-day trading value was 18.29 million, with a volume of 545 million. The volume-price coordination is a textbook case of heavy selling and decline—this isn’t a slow, grinding fade; it’s a chain reaction triggering long-position stop-losses.
Structurally, 0.038 is the peak of this leg. After breaking it, the market turning bearish in the short term has become a fact. Around 0.027 is the current defensive level: if it holds, there is room for consolidation; if it doesn’t, it heads for 0.024. For a rebound, first place your stop-loss below 0.0258. Then target 0.031 for a stretch; if it shows strength, you can also try for 0.034. Risking a 3–5% loss to gain 6–8% upside is worth it.
Once the weekly candle closes over the weekend, it will decide whether 0.027 can hold.
#PLAY
In the past 24 hours, it fell nearly 20%, with the low touching 0.02681. The high at 0.03809 was directly smashed through. The single-day trading value was 18.29 million, with a volume of 545 million. The volume-price coordination is a textbook case of heavy selling and decline—this isn’t a slow, grinding fade; it’s a chain reaction triggering long-position stop-losses.
Structurally, 0.038 is the peak of this leg. After breaking it, the market turning bearish in the short term has become a fact. Around 0.027 is the current defensive level: if it holds, there is room for consolidation; if it doesn’t, it heads for 0.024. For a rebound, first place your stop-loss below 0.0258. Then target 0.031 for a stretch; if it shows strength, you can also try for 0.034. Risking a 3–5% loss to gain 6–8% upside is worth it.
Once the weekly candle closes over the weekend, it will decide whether 0.027 can hold.
#PLAY