$BTW Sun Ge coin's hype has faded. Will the price fall further?
This drop is no longer simply a matter of capital fleeing; multiple factors have collided. This coin was driven up by hype in the first place. Once the hype fades, profit-takers will naturally look for a chance to exit. On top of that, overall market sentiment has weakened, and risk-averse investors are quick to dump altcoins like this.
For those still holding short positions, you can set your stop above 1.64 to lock in profits.
Support is at 1.51. If that level breaks, the price could fall further. The overall trend is still bearish!
This drop is no longer simply a matter of capital fleeing; multiple factors have collided. This coin was driven up by hype in the first place. Once the hype fades, profit-takers will naturally look for a chance to exit. On top of that, overall market sentiment has weakened, and risk-averse investors are quick to dump altcoins like this.
For those still holding short positions, you can set your stop above 1.64 to lock in profits.
Support is at 1.51. If that level breaks, the price could fall further. The overall trend is still bearish!