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$$ESPORTS Fell from 0.25 to 0.0463 in 24 hours, a 70% evaporation in a single day, enough to cause retail investors to blow three positions. The 776% high turnover indicates the main players have long since run away, leaving only mutual slaughter.
If you still hold some, 0.045 is the last support line; if it breaks, head straight to 0.03. My plan: buy a small position at the current price of 0.0463, stop loss at 0.04, take profit at 0.06. Keep the position no more than 5% of total funds, betting on an oversold rebound.
If the rebound can't break through 0.06, run immediately, don’t hold on to the fight.
Don’t listen to stories about a turnaround; with such a rapid decline, the market maker has no mood to push the price up. Those rushing in to catch falling knives are mostly just carrying water for the big players.
Want to bottom fish? Wait until the trading volume drops below 100M before considering.
I survive in this industry by discipline; set fixed stop loss and take profit for each trade, and run when hit. No off-plan operations.