$EPIC Plunged 20% in 24 hours, from 0.7542 to 0.5264, with a selling wave of $74 million in trading volume. Do you still remember when Bitcoin hit 70k yesterday and everyone on the internet was shouting "altcoin season is here"? But then in the early morning, the Fed's hawkish speech directly caused BTC to retrace 3%, and high-beta tokens like EPIC instantly became blood bags.

Crunching the numbers: EPIC's drop is 6.7 times that of BTC, and the funding rate turned from positive 0.03% to negative 0.12%, indicating longs were directionally liquidated. While you were chasing highs, I had already placed a stop-loss order at 0.7, and now shorts are eating up all the bounces.
Trading suggestion: Keep a close eye on the 15-minute timeframe around 0.53. If it breaks below 0.52 with volume, the next support is at 0.48. This could be the final zone for a maker washout, but don't bottom-fish — wait for it to reclaim 0.56 and stabilize with shrinking volume before considering a light long test. For spot positions exceeding 20%, it is recommended to cut half during a bounce to 0.54-0.55 to avoid a wick down to 0.45 late at night. Keep short positions, set take profit at 0.5, and move stop-loss up to 0.57.
Remember, when EPIC's trading volume is more than twice its market cap, this kind of liquidity trap is most dangerous. My style is that of someone who earned 800 ETH by shorting in bear markets; I only go where certainty lies. Did you catch this wave?