Just took a look at Binance’s live quotes—this PHB daily candle has me completely speechless. Current price $PHB $$PHB 0.015, down 54.55% in 24 hours, and trading volume is only 311K USDT. That kind of volume paired with that drop is a textbook case of liquidity drying up—you can’t even run, let alone escape. ACA is even worse: down 51% and left with 0.002, basically zero—standby reserve. ARK is down 37%, but at least it still has 28M in volume, which shows someone is still fighting inside. VIC and PNT are also lining up for a dive.
The Fear & Greed Index is probably already lying in the dead-cold zone. The entire altcoin board is as quiet as a barbecue stall after the crowd has dispersed. Gold is holding steady at 2360, crude oil at 82—everyone’s fleeing to safety. Who’s still playing alts? US stock Nasdaq is up slightly by 0.3%, not really related to crypto; out here we’re running our own market, our own downswing.
Say it like it is: this kind of broad sell-off is the market maker flipping the table. PHB got smashed down from the high—those brothers who were left holding the bag should now be lining up on the rooftop. Don’t try to catch the bottom, don’t average down. If you’ve got U in hand, hold tight. “Alt season”? Let’s see if you can survive this week first.
The above is only my personal opinion and does not constitute investment advice. #AltcoinSeasonIsHere #StopLossTips
The Fear & Greed Index is probably already lying in the dead-cold zone. The entire altcoin board is as quiet as a barbecue stall after the crowd has dispersed. Gold is holding steady at 2360, crude oil at 82—everyone’s fleeing to safety. Who’s still playing alts? US stock Nasdaq is up slightly by 0.3%, not really related to crypto; out here we’re running our own market, our own downswing.
Say it like it is: this kind of broad sell-off is the market maker flipping the table. PHB got smashed down from the high—those brothers who were left holding the bag should now be lining up on the rooftop. Don’t try to catch the bottom, don’t average down. If you’ve got U in hand, hold tight. “Alt season”? Let’s see if you can survive this week first.
The above is only my personal opinion and does not constitute investment advice. #AltcoinSeasonIsHere #StopLossTips
