$STBL 5-minute plunge of 20.37%; current price: 0.02719; 24h range: 0.02012 ~ 0.0542.
I’ll use the consolidation zone before the sharp move as a reference: it only counts as a valid breakout if the price holds outside the range.
My approach to this kind of sudden drop is not to catch the first falling knife. I’ll wait for confirmation that it has bottomed before considering it.
I’ll use the consolidation zone before the sharp move as a reference: it only counts as a valid breakout if the price holds outside the range.
My approach to this kind of sudden drop is not to catch the first falling knife. I’ll wait for confirmation that it has bottomed before considering it.