I stared at the charts all night—$VANRY —and this big bearish candle really got me energized. According to Binance real-time data, over the past 24 hours it’s down 37%, and the trading volume is still 2M USDT. The current price has been slammed straight to $0.001. With volume like this matching the drop, it’s clearly someone distributing—not just a simple shakeout.
My own move: I set a short order around 0.0016, didn’t get greedy. When it hit 0.0012, I exited and took a bite of profit. Later it spiked down to 0.001 and I considered bottom-fishing, but I held back. With these near-zero “go-to-zero” looking alts, catching a falling knife can easily end up with your hand getting pierced. $ALLO is up 33% today though, with 8M in volume—money is clearly switching cars. $SXP and $HARD are even worse, down nearly 40%, and liquidity is basically drying up. $DEGO is also just barely hanging on.
Gold is flat at 2360, the Nasdaq is slightly up, and the overall environment hasn’t broken—what’s breaking is these narrative-less alts. My stop-loss discipline: don’t hold alt positions overnight; if it breaks down, cut it—don’t get emotionally attached.
If you want to watch the charts together or follow a contrarian strategy, tap below to jump in: $VANRY $ALLO $SXP
The above is only my personal opinion and does not constitute investment advice.
My own move: I set a short order around 0.0016, didn’t get greedy. When it hit 0.0012, I exited and took a bite of profit. Later it spiked down to 0.001 and I considered bottom-fishing, but I held back. With these near-zero “go-to-zero” looking alts, catching a falling knife can easily end up with your hand getting pierced. $ALLO is up 33% today though, with 8M in volume—money is clearly switching cars. $SXP and $HARD are even worse, down nearly 40%, and liquidity is basically drying up. $DEGO is also just barely hanging on.
Gold is flat at 2360, the Nasdaq is slightly up, and the overall environment hasn’t broken—what’s breaking is these narrative-less alts. My stop-loss discipline: don’t hold alt positions overnight; if it breaks down, cut it—don’t get emotionally attached.
If you want to watch the charts together or follow a contrarian strategy, tap below to jump in: $VANRY $ALLO $SXP
The above is only my personal opinion and does not constitute investment advice.
