Why Momentum Determines the Size of the Drop"
Let me ask you a question. Why do some coins drop 16 percent while others drop 47 percent?
The answer is momentum. $TAKE
is down 16.95 percent. Price is 0.05602 dollars.
This coin did not pump as much as the others, so it is not dropping as much either. That is the key insight.
If you are holding this coin, ask yourself if you have an exit plan. If you are not holding, watch 0.055 as support. If it holds, there might be a small bounce to 0.058.
If it breaks below 0.054, the drop could accelerate.
Let me ask you a question. Why do some coins drop 16 percent while others drop 47 percent?
The answer is momentum. $TAKE
is down 16.95 percent. Price is 0.05602 dollars.
This coin did not pump as much as the others, so it is not dropping as much either. That is the key insight.
If you are holding this coin, ask yourself if you have an exit plan. If you are not holding, watch 0.055 as support. If it holds, there might be a small bounce to 0.058.
If it breaks below 0.054, the drop could accelerate.