$SKL SKL—this kind of drop is a classic slow bleed on declining volume, and it hasn’t bottomed out yet. Down 13.8% in 24 hours, with trading volume of only 6.4 million U. To put it plainly, there’s nobody buying, and even the money trying to get out can’t do so easily.
To be blunt, I mostly ignore this kind of abnormal move and stay away. When a coin’s trend has turned bad, retail traders who jump in are just trying to catch a falling knife. If you’re looking for an opportunity, wait until it’s fallen enough and volume has dried up completely before taking another look. Signs that it can’t fall any further matter much more than trying to call the bottom.
Those already holding a position should judge for themselves; those with no position, don’t get itchy fingers. Betting on a rebound at this level is worse than keeping an eye on coins with healthier trends.
#行情异动 #币圈观察 #SKL
To be blunt, I mostly ignore this kind of abnormal move and stay away. When a coin’s trend has turned bad, retail traders who jump in are just trying to catch a falling knife. If you’re looking for an opportunity, wait until it’s fallen enough and volume has dried up completely before taking another look. Signs that it can’t fall any further matter much more than trying to call the bottom.
Those already holding a position should judge for themselves; those with no position, don’t get itchy fingers. Betting on a rebound at this level is worse than keeping an eye on coins with healthier trends.
#行情异动 #币圈观察 #SKL