#AIOT This kind of drop is the most painful.
Since 9 o’clock, three candles have formed, with volume at 10x, 4.5x, and 5.2x. The price has steadily drifted down, and the latest candle is down another 4.86%. It’s now at 0.03566, just a step above today’s low of 0.03521.
After breaking down on heavy volume, there’s been no sign of volume drying up and the price stabilizing, which suggests selling pressure hasn’t fully played out. Don’t try to catch this falling knife—wait until volume contracts and it holds sideways before reassessing.
If 0.0352 breaks, the next level to watch is 0.033.
Since 9 o’clock, three candles have formed, with volume at 10x, 4.5x, and 5.2x. The price has steadily drifted down, and the latest candle is down another 4.86%. It’s now at 0.03566, just a step above today’s low of 0.03521.
After breaking down on heavy volume, there’s been no sign of volume drying up and the price stabilizing, which suggests selling pressure hasn’t fully played out. Don’t try to catch this falling knife—wait until volume contracts and it holds sideways before reassessing.
If 0.0352 breaks, the next level to watch is 0.033.