From $STG 24 hours, it was hammered all the way from 0.1768 to 0.1367, a drop of 21.66%. This “needle” move isn’t a correction—it’s directly burying people in the ground.
The shorts are aggressive this round, but volume hasn’t kept up. Trading value is 95 million, noticeably lower than the past few trading days, suggesting that the real heavy-money dumping isn’t truly that vicious—more likely it’s small retail investors on the sidelines getting scared into running. The bottom at 0.1358 wasn’t broken with volume, so the bulls haven’t surrendered.
Set a stop-loss and hold 0.1350; if this level breaks, don’t keep fighting the trade. For a rebound, first see whether it can hold above 0.1500—if it holds, then look at 0.1640.
Mark 0.1350, 0.1500, and 0.1640 on the K-line one by one; once you’re done, you’ll know whether you should reach in.
#STG
The shorts are aggressive this round, but volume hasn’t kept up. Trading value is 95 million, noticeably lower than the past few trading days, suggesting that the real heavy-money dumping isn’t truly that vicious—more likely it’s small retail investors on the sidelines getting scared into running. The bottom at 0.1358 wasn’t broken with volume, so the bulls haven’t surrendered.
Set a stop-loss and hold 0.1350; if this level breaks, don’t keep fighting the trade. For a rebound, first see whether it can hold above 0.1500—if it holds, then look at 0.1640.
Mark 0.1350, 0.1500, and 0.1640 on the K-line one by one; once you’re done, you’ll know whether you should reach in.
#STG