$MU 774.67, down 7.94% in a day. The sell-off didn't happen at the open.
The fiercest candle came at 10 p.m.
It saw $235 million in volume, the biggest of the past three days. The median was just $26 million—that's nine times as much in one go. It opened at 834.79 and closed at 837.70; the price didn't give up a cent. Under normal circumstances, that kind of volume would keep it grinding all day. But it didn't budge.
Then $178 million came crashing down, sending it straight from 837.68 to 802.45—a 4.2-point drop in an hour.
There was nobody there to catch it.
$SNDK , on the same chain, also fell 8.39%. This isn't just one company's problem.
At 9 p.m., when the U.S. stock market closed, the token hit a new low of 762.69 on $80 million in volume.
Keep an eye on 762.69. If it holds above 791.41, 819.01 is the next hurdle; if it falls below here, 750.40 comes into play.
Volume came first, price followed—that's really not a bottom. Did you get out of your semiconductor tokens last night?
Data source: https://fapi.binance.com/fapi/v1/klines?symbol=MUUSDT&interval=1h
The fiercest candle came at 10 p.m.
It saw $235 million in volume, the biggest of the past three days. The median was just $26 million—that's nine times as much in one go. It opened at 834.79 and closed at 837.70; the price didn't give up a cent. Under normal circumstances, that kind of volume would keep it grinding all day. But it didn't budge.
Then $178 million came crashing down, sending it straight from 837.68 to 802.45—a 4.2-point drop in an hour.
There was nobody there to catch it.
$SNDK , on the same chain, also fell 8.39%. This isn't just one company's problem.
At 9 p.m., when the U.S. stock market closed, the token hit a new low of 762.69 on $80 million in volume.
Keep an eye on 762.69. If it holds above 791.41, 819.01 is the next hurdle; if it falls below here, 750.40 comes into play.
Volume came first, price followed—that's really not a bottom. Did you get out of your semiconductor tokens last night?
Data source: https://fapi.binance.com/fapi/v1/klines?symbol=MUUSDT&interval=1h
