$CITY , wow, that drop came out of nowhere.
Currently around $0.317
Down about 4.2% over 24h, with weak volume
Analysis: That’s a pretty steep drop, and volume is weak. First, let’s see if it keeps falling. It just dropped another 5% in five minutes—the slope is so steep it’s making my palms sweat. Don’t try to call the bottom yet; keep an eye on the 0.306 low. Whether it holds is the first thing to watch. If it holds, then we can look at the strength of the rebound. If not, just wait for the next level. Either way, don’t make a move until there’s a clear sign the drop has stopped. Damn, it’s moving so fast I can barely keep up just watching.
Can you still sit tight?
Currently around $0.317
Down about 4.2% over 24h, with weak volume
Analysis: That’s a pretty steep drop, and volume is weak. First, let’s see if it keeps falling. It just dropped another 5% in five minutes—the slope is so steep it’s making my palms sweat. Don’t try to call the bottom yet; keep an eye on the 0.306 low. Whether it holds is the first thing to watch. If it holds, then we can look at the strength of the rebound. If not, just wait for the next level. Either way, don’t make a move until there’s a clear sign the drop has stopped. Damn, it’s moving so fast I can barely keep up just watching.
Can you still sit tight?