šØ FORM 24H losses widened to 11.4%, dropping another 2.3% in 5 minutes. This isnāt a pullbackāitās bears accelerating!
But whatās really worth watching out for is this: down 8.6% in 1 hour, while trading volume surged to 14.5Ć; just 43 posts on X, 3 KOLs, and a BSQ of only 1. The price is sliding, but social buzz hasnāt followed. Data needs verification.
š What does this mean? After accelerating late in the evening, the move has continued in the same direction for 42 minutes. The biggest risk isnāt getting it wrongāitās thinking āitās fallen enoughā and buying the dip too early, only to catch the next leg down.
My take: short-term outlook is bearish. Donāt blindly try to catch a falling knife! Iād only consider a bounce if the decline clearly slows and price and volume stabilize again. If selling continues to accelerate on rising volume, the long-side capitulation isnāt over.
Do you think FORM will keep falling, or bounce in the short term first? š #FORM #Cryptocurrency
But whatās really worth watching out for is this: down 8.6% in 1 hour, while trading volume surged to 14.5Ć; just 43 posts on X, 3 KOLs, and a BSQ of only 1. The price is sliding, but social buzz hasnāt followed. Data needs verification.
š What does this mean? After accelerating late in the evening, the move has continued in the same direction for 42 minutes. The biggest risk isnāt getting it wrongāitās thinking āitās fallen enoughā and buying the dip too early, only to catch the next leg down.
My take: short-term outlook is bearish. Donāt blindly try to catch a falling knife! Iād only consider a bounce if the decline clearly slows and price and volume stabilize again. If selling continues to accelerate on rising volume, the long-side capitulation isnāt over.
Do you think FORM will keep falling, or bounce in the short term first? š #FORM #Cryptocurrency