I just took a quick look at the board, and this PHB thing dumped 54% in 24 hours, with the current price at 0.015. The trading volume is only $PHB $$PHB 310,000 U. According to Binance real-time data, this drop was like it was being sold off for free. If someone drank like that at a barbecue stall, they’d have already been carried away. ACA next to it also fell 51%, VIC dropped 43%, and the whole altcoin section looks like it collectively jumped off a building. By contrast, MUBARAK surged 39% against the trend, with 9 million U in trading volume. There’s clearly money stirring things up in there, a classic case of the big players changing tables to eat.
To be honest, don’t rush to buy the dip on a plunge like this. The trading volume is only 310,000 U, so liquidity is as thin as paper. By the time you want to exit, you may not even find the door. The mistake beginners make most often is jumping in just because it has fallen a lot, only to end up buying near the mid-slope while the big players are distributing and you’re taking the bag. Altcoins are like that: when they rise, it’s a story; when they fall, it’s an accident. Don’t keep thinking about old names like PNT either; without volume, there’s no play. Remember this: high volatility with low trading volume is not an opportunity, it’s a trap. If you want to play, use a small position and don’t get carried away.
#AltSeasonIsHere #StopLossTips
The above is only a personal opinion and does not constitute investment advice
To be honest, don’t rush to buy the dip on a plunge like this. The trading volume is only 310,000 U, so liquidity is as thin as paper. By the time you want to exit, you may not even find the door. The mistake beginners make most often is jumping in just because it has fallen a lot, only to end up buying near the mid-slope while the big players are distributing and you’re taking the bag. Altcoins are like that: when they rise, it’s a story; when they fall, it’s an accident. Don’t keep thinking about old names like PNT either; without volume, there’s no play. Remember this: high volatility with low trading volume is not an opportunity, it’s a trap. If you want to play, use a small position and don’t get carried away.
#AltSeasonIsHere #StopLossTips
The above is only a personal opinion and does not constitute investment advice
