This one isn’t simple.
On $SAGA , it suddenly surged by nearly 40%, and the trading volume hit $33 million. This scale isn’t something a small retail trader could pull off. I looked around but didn’t see any particularly major positive news. Either the market-maker/insider is testing the order book, or there’s insider information that leaked early. After an upward move with thin liquidity, the risk of a pullback is high. If you chase in, odds are you’ll get trapped. My view is: don’t touch it—wait for it to retrace into the 0.028–0.03 range before considering it.
Now take a look at $G and its drop of -38%. Trading volume was $57 million, showing that the bears clearly hammered the sell-off. That kind of magnitude isn’t something you’d get from a retail panic. It looks more like either the project ran into trouble, or the market maker backed out. Can you buy at 0.007? I’m not sure. When institutions are exiting, don’t catch the falling knife—wait until the bottom forms and volume shrinks while it holds sideways.
Today, $BTC only fell by 0.09%. Funding is still positive, which indicates the long side in the futures market hasn’t given up yet. In this kind of market where the bigger index holds steady while smaller coins get blood-squeezed, it often means the main players are distributing or rotating positions—old veterans know this well.
After this round of killing off the altcoins, they’re probably about to start telling new stories again. How many times did you get buried?
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.
On $SAGA , it suddenly surged by nearly 40%, and the trading volume hit $33 million. This scale isn’t something a small retail trader could pull off. I looked around but didn’t see any particularly major positive news. Either the market-maker/insider is testing the order book, or there’s insider information that leaked early. After an upward move with thin liquidity, the risk of a pullback is high. If you chase in, odds are you’ll get trapped. My view is: don’t touch it—wait for it to retrace into the 0.028–0.03 range before considering it.
Now take a look at $G and its drop of -38%. Trading volume was $57 million, showing that the bears clearly hammered the sell-off. That kind of magnitude isn’t something you’d get from a retail panic. It looks more like either the project ran into trouble, or the market maker backed out. Can you buy at 0.007? I’m not sure. When institutions are exiting, don’t catch the falling knife—wait until the bottom forms and volume shrinks while it holds sideways.
Today, $BTC only fell by 0.09%. Funding is still positive, which indicates the long side in the futures market hasn’t given up yet. In this kind of market where the bigger index holds steady while smaller coins get blood-squeezed, it often means the main players are distributing or rotating positions—old veterans know this well.
After this round of killing off the altcoins, they’re probably about to start telling new stories again. How many times did you get buried?
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.