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$LAB, $BSB, and $ZEST are like three deflated balloons, each plummeting nearly 30% within half an hour of opening, with the air filled with panic selling. Today, these tokens' 24-hour trading volumes are 150 million, 87 million, and 28 million respectively, but their drop from peak prices is almost identical: $LAB fell from 11.9 to 8.6, $BSB from 0.36 to 0.25, and $ZEST from 0.35 to 0.26. Simply put, now their prices are close to the day's lows, indicating short-term funds are frantically exiting.
For short-term traders, the current prices are less than 5% above the day's lows, so it’s not recommended to buy the dip; the risk of further decline is high. Long-term investors can consider placing buy orders around 8.5, 0.25, and 0.26, entering in batches, with stop-loss set 3% below the day's lows. Position size should be controlled within 10% of total funds; survival is the priority.
If you don’t understand, ask in the comments. $