I dragged myself out of bed a little after 5 a.m. to check this: $TSLA is trading at 344.23, down 10.73% in 24 hours and just a step away from its 24-hour low of 338.90.
It’s slid all the way down from 385.65, with barely a decent bounce along the way. The most agonizing thing about a drop like this is that you know it’s fallen a lot, but you don’t know whether it’s done falling yet—if you jump in, you’re afraid you’ll catch it halfway down; if you don’t, you’re afraid it’ll suddenly bounce back.
I could be wrong, but I think the bears haven’t let up yet at this level. If 338.90 breaks, more panic selling could pour in. I’ll own it if I’m wrong, but 338.90 is the key level—if it breaks, it breaks.
Do you think tonight’s move in U.S. stocks will spill over into crypto?
#美股 #MarketAnalysis
It’s slid all the way down from 385.65, with barely a decent bounce along the way. The most agonizing thing about a drop like this is that you know it’s fallen a lot, but you don’t know whether it’s done falling yet—if you jump in, you’re afraid you’ll catch it halfway down; if you don’t, you’re afraid it’ll suddenly bounce back.
I could be wrong, but I think the bears haven’t let up yet at this level. If 338.90 breaks, more panic selling could pour in. I’ll own it if I’m wrong, but 338.90 is the key level—if it breaks, it breaks.
Do you think tonight’s move in U.S. stocks will spill over into crypto?
#美股 #MarketAnalysis