I took a lap around the RWA community, and nobody’s saying a word. Just two words: playing dead. Bearish—this group has completely given up.
The market hasn’t been kind either: ONDO got absolutely battered today, and CFG in the group got hit even harder, plunging 11 points straight down. OCEAN is pretty much the only one still standing and catching its breath.
Whatever happened to “institutions are getting in” and “RWA holds up in a downturn”? I get sentiment—it’s a conviction in a bull market, and a punchline in a bear market.
My plan is simple: if the daily low at 0.4568 holds, I’ll give it another day. If it breaks, I’m watching 0.4419. If it bounces back to 0.5129 on weak volume, I’ll keep selling. I’ll admit I was wrong only if it gets back above that level.
If you’re still in there playing dead, are you already stuck in a position or sitting on the sidelines watching? If you’re stuck, comment 1; if you’re just watching, comment 2$ONDO $CFG $OCEAN #RWA #MarketAnalysis
The market hasn’t been kind either: ONDO got absolutely battered today, and CFG in the group got hit even harder, plunging 11 points straight down. OCEAN is pretty much the only one still standing and catching its breath.
Whatever happened to “institutions are getting in” and “RWA holds up in a downturn”? I get sentiment—it’s a conviction in a bull market, and a punchline in a bear market.
My plan is simple: if the daily low at 0.4568 holds, I’ll give it another day. If it breaks, I’m watching 0.4419. If it bounces back to 0.5129 on weak volume, I’ll keep selling. I’ll admit I was wrong only if it gets back above that level.
If you’re still in there playing dead, are you already stuck in a position or sitting on the sidelines watching? If you’re stuck, comment 1; if you’re just watching, comment 2$ONDO $CFG $OCEAN #RWA #MarketAnalysis