That hit probably woke a lot of people up. $KAVA fell 58.22% in a day, trading at 0.0283. It’s just a hair above the 24-hour low of 0.0251, after reaching as high as 0.0687 within the past 24 hours.
In plain English: it’s more than halved in a day. For holders, the worst part right now isn’t how much they’ve lost—it’s having no idea where the bottom is. If it breaks below 0.0251, it’s heading into uncharted territory, with not a single solid support level in sight.
I’m inclined to sit tight and watch for now, because trying to catch a bounce in a drop like this is no different from catching a falling knife. But if it holds 0.0251 and stops making new lows, I’ll change my mind immediately and admit the selling pressure has finally eased.
Those holding KAVA, be honest: are you more inclined to buy the dip or get out?
$KAVA
#行情分析 #UnusualMove
In plain English: it’s more than halved in a day. For holders, the worst part right now isn’t how much they’ve lost—it’s having no idea where the bottom is. If it breaks below 0.0251, it’s heading into uncharted territory, with not a single solid support level in sight.
I’m inclined to sit tight and watch for now, because trying to catch a bounce in a drop like this is no different from catching a falling knife. But if it holds 0.0251 and stops making new lows, I’ll change my mind immediately and admit the selling pressure has finally eased.
Those holding KAVA, be honest: are you more inclined to buy the dip or get out?
$KAVA
#行情分析 #UnusualMove