$MET, uh-oh, this price action looks rough.
Current price: around $0.4359
Down about 3.0% over 24h, with weak volume
Analysis: Volume really hasn't picked up. When it sold off, the volume bars were pretty short—it didn't look like panicked selling, more like nobody was stepping in to buy and the price just slid lower. It touched the low at 0.4228 and bounced back, which suggests there are still some buy orders supporting it down there, but the support doesn't look very firm. Man, low volume like this is the most frustrating—the moves in either direction feel flimsy. If it keeps probing lower and volume still doesn't come in, then this isn't a real selloff, just a little scrape. But if volume suddenly surges on the way down, we'll have to reassess. Anyway, with volume looking like this, it seems more like a test than an all-out attack.
Did you get caught in that drop?
Current price: around $0.4359
Down about 3.0% over 24h, with weak volume
Analysis: Volume really hasn't picked up. When it sold off, the volume bars were pretty short—it didn't look like panicked selling, more like nobody was stepping in to buy and the price just slid lower. It touched the low at 0.4228 and bounced back, which suggests there are still some buy orders supporting it down there, but the support doesn't look very firm. Man, low volume like this is the most frustrating—the moves in either direction feel flimsy. If it keeps probing lower and volume still doesn't come in, then this isn't a real selloff, just a little scrape. But if volume suddenly surges on the way down, we'll have to reassess. Anyway, with volume looking like this, it seems more like a test than an all-out attack.
Did you get caught in that drop?