1-hour top 5 losers:
1) $ICNT -6.06%
2) $BTW -4.31%
3) $AVA -3.27%
4) A -2.75%
5) NXPC -2.50%
When reading the losers list, I distinguish between two scenarios:
① An individual coin plunges: this is often due to an event such as selling pressure. First figure out the cause, then assess the situation;
② Several coins in the same sector make the list: this usually signals fading sentiment, and even a rebound should wait until the broader market stabilizes.
The top loser, $ICNT -6.06%, is within the normal range, so first watch whether support holds.
1) $ICNT -6.06%
2) $BTW -4.31%
3) $AVA -3.27%
4) A -2.75%
5) NXPC -2.50%
When reading the losers list, I distinguish between two scenarios:
① An individual coin plunges: this is often due to an event such as selling pressure. First figure out the cause, then assess the situation;
② Several coins in the same sector make the list: this usually signals fading sentiment, and even a rebound should wait until the broader market stabilizes.
The top loser, $ICNT -6.06%, is within the normal range, so first watch whether support holds.