$NIL in a minute showed how dangerous such moves can be.
In the last 59 seconds, the price fell by 2.48% — from $0.1243 to $0.1213. After that, the drop from the alert level was already about 5.6%.
At the same time, in the past 24 hours $NIL still shows about +26%, volume — $41 million, open interest — $14.6 million. Over the last 7 days, this is already the 16th similar alert.
$NIL is clearly not the kind of asset where you should ignore intraday volatility.
In the last 59 seconds, the price fell by 2.48% — from $0.1243 to $0.1213. After that, the drop from the alert level was already about 5.6%.
At the same time, in the past 24 hours $NIL still shows about +26%, volume — $41 million, open interest — $14.6 million. Over the last 7 days, this is already the 16th similar alert.
$NIL is clearly not the kind of asset where you should ignore intraday volatility.
