Top 5 biggest losers over the past hour:
1. $MAGIC -5.05%
2. $ERA -3.99%
3. $LUMIA -3.17%
4. BR -3.03%
5. RLC -2.57%
When looking at the biggest losers, I’d consider two scenarios:
① A single coin plunges: there’s often a reason, such as a token unlock. First find out what happened, then decide what to do;
② Several coins in the same sector fall together: this is often due to capital flowing out. Even if there’s a rebound, wait for the sector to stabilize first.
The biggest loser, $MAGIC -5.05%, is within the normal range. First, watch to see whether support holds.
Don’t treat this as a basis for making trades.
1. $MAGIC -5.05%
2. $ERA -3.99%
3. $LUMIA -3.17%
4. BR -3.03%
5. RLC -2.57%
When looking at the biggest losers, I’d consider two scenarios:
① A single coin plunges: there’s often a reason, such as a token unlock. First find out what happened, then decide what to do;
② Several coins in the same sector fall together: this is often due to capital flowing out. Even if there’s a rebound, wait for the sector to stabilize first.
The biggest loser, $MAGIC -5.05%, is within the normal range. First, watch to see whether support holds.
Don’t treat this as a basis for making trades.