I just took a look at the data—there’s something to it.
$NFP is down 65% directly, and $PYR isn’t any better at -57%. This kind of drop isn’t a pullback anymore—it’s ankle-cutting.
I checked the volume too. The volume behind $NFP is only 3.8M, which suggests that whoever is dumping didn’t spend much money to smash it that hard. A low-volume crash usually means the project team has run off or there’s bad news that hasn’t been released yet—it's not a normal retracement. I won’t go catch this kind of flying knife.
$G , however, traded 55M. The volume is large, but it’s down 41%. Large trade volume combined with a crash often means both sides get wiped—while long positions in the futures are being liquidated, someone is also accumulating at low levels. I’m more focused on setups like this. If the volume stabilizes, there may be an opportunity.
Right now, the altcoin market is full of scared birds. BTC is up only 0.38% and can’t move sentiment at all. Meanwhile, the alts are still trampling each other. Chasing in here would most likely be handing money to someone else.
Do you have ideas about bottom-fishing NFP/PYR?
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.
$NFP is down 65% directly, and $PYR isn’t any better at -57%. This kind of drop isn’t a pullback anymore—it’s ankle-cutting.
I checked the volume too. The volume behind $NFP is only 3.8M, which suggests that whoever is dumping didn’t spend much money to smash it that hard. A low-volume crash usually means the project team has run off or there’s bad news that hasn’t been released yet—it's not a normal retracement. I won’t go catch this kind of flying knife.
$G , however, traded 55M. The volume is large, but it’s down 41%. Large trade volume combined with a crash often means both sides get wiped—while long positions in the futures are being liquidated, someone is also accumulating at low levels. I’m more focused on setups like this. If the volume stabilizes, there may be an opportunity.
Right now, the altcoin market is full of scared birds. BTC is up only 0.38% and can’t move sentiment at all. Meanwhile, the alts are still trampling each other. Chasing in here would most likely be handing money to someone else.
Do you have ideas about bottom-fishing NFP/PYR?
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.