$ONE 24h Crushed 21 points—0.0046 went straight down to 0.0031. The trading volume hit 232M and got released. In the group, people are already shouting “back to zero.”

Honestly, I’ve seen scenes like this too many times. The real “death” isn’t a sell-off on heavy volume—it’s when it chops sideways and nobody pays attention. With 232M volume sitting there, it means someone is taking the other side, and they’re taking it pretty actively. Panic sell orders get cleared much faster than a slow bleed.

The key level to watch is the integer barrier at 0.003. Hold it—this is the beginning of a “golden pit.” If it breaks, then just wait for the next step, don’t stubbornly fight it. Above, 0.0038 is the first pressure point; if it bounces up there, we’ll see whether it can stand firm.

People say “When others are afraid, I’m greedy” until it’s cliché, but not many are actually brave enough to act when it’s down 20%. I, for one, placed a small order around 0.0031 and I’ve set a hard stop-loss.

In the so-called “shanzhai season,” there’s never a lack of this kind of shakeout. What’s missing is whether, after the shakeout is done, you still have a position on your hands.