$NFP plunged 65% today, with the price now at 0.002 and trading volume at 4M. I had a long order placed at 0.0058 yesterday, and my stop-loss at 0.0052 got triggered. I lost 800U—I've accepted it. This kind of drop is clearly distribution with long upper wicks. Don’t rush to buy the dip; wait for signs of stabilization.
$CREAM rallied 65% against the trend, but trading volume was only 276K. Liquidity is too poor, so the risk of sharp wicks is high. $VIB and $BETA are also down more than 60%. Altcoins are sharply divided right now. If you trade futures, remember: keep leverage under 5x, limit any single coin position to no more than 5% of your total funds, and cut your position immediately if the price breaks below the previous low. Don’t hold on stubbornly.
$PYR has shown some unusual activity recently, so you can add it to your watchlist. According to Binance real-time data, the funding rate for the $NFP contract is still negative, and short positions are crowded, so a rebound could come at any time. If you want to buy the dip, wait for the 1-hour candle to close green before entering, and place your stop-loss 2% below the previous low.
The above is only my personal opinion and does not constitute investment advice.
$CREAM rallied 65% against the trend, but trading volume was only 276K. Liquidity is too poor, so the risk of sharp wicks is high. $VIB and $BETA are also down more than 60%. Altcoins are sharply divided right now. If you trade futures, remember: keep leverage under 5x, limit any single coin position to no more than 5% of your total funds, and cut your position immediately if the price breaks below the previous low. Don’t hold on stubbornly.
$PYR has shown some unusual activity recently, so you can add it to your watchlist. According to Binance real-time data, the funding rate for the $NFP contract is still negative, and short positions are crowded, so a rebound could come at any time. If you want to buy the dip, wait for the 1-hour candle to close green before entering, and place your stop-loss 2% below the previous low.
The above is only my personal opinion and does not constitute investment advice.