$CREAM went crazy today, up 65%, with the current price at 2.1 and trading volume of just 270,000 U. A move this sharp on such low volume is clearly the market maker entertaining themselves—retail traders who jump in are just catching a falling knife. Yesterday, VIB plunged 63%, and BETA was even worse, down 64%, falling almost to zero. Altcoins are now completely polarized: either they skyrocket or go to zero, with nothing in between.
The Fear and Greed Index is still hovering around 40. It’s not at rock bottom, but it’s definitely not overheated either. The biggest risk right now is chasing the rally. I chased a similar setup last week and got trapped the very next day. According to Binance real-time data, this CREAM rally has no volume to support it and could come crashing back down at any moment. If you want to take a gamble, use a small position and set a firm stop-loss. $CREAM VIB $BETA
The above is only my personal opinion and does not constitute investment advice.
The Fear and Greed Index is still hovering around 40. It’s not at rock bottom, but it’s definitely not overheated either. The biggest risk right now is chasing the rally. I chased a similar setup last week and got trapped the very next day. According to Binance real-time data, this CREAM rally has no volume to support it and could come crashing back down at any moment. If you want to take a gamble, use a small position and set a firm stop-loss. $CREAM VIB $BETA
The above is only my personal opinion and does not constitute investment advice.