A little after 2 a.m., when I should be sleeping, I took a look at $ADA ’s chart and felt a bit uneasy.
The biggest holder dumped 90 million coins, and the contract holdings fell another 9%. The volume immediately shrank to just 60% of the usual level. The price is stuck around $0.24. The strangest part is this—there isn’t a crash; it’s that nobody is stepping in. Sellers can’t push it down, and buyers aren’t entering the market either. The order book is thin, like a piece of paper.
I know this kind of market. It’s the prelude to a slow, downward drift. If you really want a reversal, you have to get the volume up first; otherwise, everything anyone says is just talk. I won’t move the spot I currently have. I’ll wait for the market to make its own statement. If it goes below $0.25, I won’t say a word.
Time to sleep—I still have to watch tomorrow’s Non-Farm Payrolls. $ADA
The biggest holder dumped 90 million coins, and the contract holdings fell another 9%. The volume immediately shrank to just 60% of the usual level. The price is stuck around $0.24. The strangest part is this—there isn’t a crash; it’s that nobody is stepping in. Sellers can’t push it down, and buyers aren’t entering the market either. The order book is thin, like a piece of paper.
I know this kind of market. It’s the prelude to a slow, downward drift. If you really want a reversal, you have to get the volume up first; otherwise, everything anyone says is just talk. I won’t move the spot I currently have. I’ll wait for the market to make its own statement. If it goes below $0.25, I won’t say a word.
Time to sleep—I still have to watch tomorrow’s Non-Farm Payrolls. $ADA
