Is this the end or just a painful shakeout before the real move?
$OP is straight up bleeding out right now. We are down over 23% in the last 24 hours and honestly it looks like the sellers are in total control. Every time the 1h candle tries to turn green it just gets swamped by sell orders at the 0.1400 level. The chart is a literal staircase to the basement. We just hit a low of 0.1342 and we are barely hanging on. If we don't see some serious buying volume come in here we could be looking at a test of even lower levels because the support just isn't holding up. The order book shows some bids around 0.1363 but they look thin compared to the momentum pushing us down. I wouldn't touch this with a long position until we at least see some consolidation or a break above that 0.1450 resistance zone. Stay patient because catching this knife could hurt.
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Is this the end or just a painful shakeout before the real move?
$OP is straight up bleeding out right now. We are down over 23% in the last 24 hours and honestly it looks like the sellers are in total control. Every time the 1h candle tries to turn green it just gets swamped by sell orders at the 0.1400 level.
The chart is a literal staircase to the basement. We just hit a low of 0.1342 and we are barely hanging on. If we don't see some serious buying volume come in here we could be looking at a test of even lower levels because the support just isn't holding up.
The order book shows some bids around 0.1363 but they look thin compared to the momentum pushing us down. I wouldn't touch this with a long position until we at least see some consolidation or a break above that 0.1450 resistance zone.
Stay patient because catching this knife could hurt.
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