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Current time 11:47, $SYN is still diving, down 17.42% in 24h, dropping from 0.4702 to 0.3620, with a trading volume of $115 million. Has it stopped at 0.3745? Don't fool yourself, this is not the bottom.
Scenario simulation: If you're not staring at this 15-minute K-line right now, within the next 24 hours, if the daily trading volume expands by another 20%, the selling pressure will smash the price through 0.36, hitting the 0.35 or even 0.33 range, because 0.38-0.39 is the previous dense resistance zone. Today it bounced to 0.3745 and was pushed back, indicating bulls simply don't have the strength to take over. Conversely, if this low-volume sideways movement holds above 0.37, there may be a short-term bounce to 0.42, but that's an escape opportunity, not a bottom fishing. Don't fantasize about a reversal. This decline is a double kill of sentiment and liquidity. What altcoins fear most is this kind of high-volume gradual decline, hitting new lows every day, with retail investors losing more the more they buy.
Operation suggestions: Entering now is equivalent to handing chips to the big players. I have no positions right now and won't move today. If you want excitement, wait for the price to drop below 0.355, then place a small position of 3% of your capital as a limit order. Set stop loss at 0.34, take profit at 25% and get out, don't linger. Stop-loss discipline is life itself. If it breaks 0.3620, leave immediately, don't hold on. If you're heavily positioned, you must reduce to below 10% today. Don't wait for a bounce; a bounce is just a window for you to cut losses, not to turn things around.
Real story: Those who chased 0.45 a couple of days ago are now kicking themselves. I'm one of them - I lost 7% of my total position and cleared out everything today. Surviving is what matters. Don't ask me what I think. I have no opinion, I only follow the data.
There are still 12 hours and 13 minutes until today's close. Do you think 0.3620 is the bottom or will it break tonight? Comment with your direction, don't just like and leave.