$CAP 5-minute drop of 3.2%, trading at 0.07681, with a 24-hour range of 0.07334–0.09018.
Wait for the candlestick to close before making a judgment; don't take intraday wicks at face value.
Sharp drops are often accompanied by mass liquidations of leveraged long positions. Sometimes there's a short-term rebound after the liquidations are done.
This is not investment advice. You are responsible for your own profits and losses.
Wait for the candlestick to close before making a judgment; don't take intraday wicks at face value.
Sharp drops are often accompanied by mass liquidations of leveraged long positions. Sometimes there's a short-term rebound after the liquidations are done.
This is not investment advice. You are responsible for your own profits and losses.