Just saw $IDOL —almost threw my phone; within 24 hours it was cut by nearly a quarter. From 0,0254 it dropped to 0,0140. This isn’t “idol”; it’s more like a male lead who’s gone broke in an idol drama.

In short: if you were holding $IDOL, yesterday 100 yuan is now only 76,5 yuan. Transaction value is still at $86 million, meaning there are plenty of people buying and selling, but the sellers are clearly much more ruthless. The drop doesn’t look like a normal correction—it’s more like a synchronized “run first” move.
My contrarian move: now around 0,0150 isn’t a good time for bottom picking, unless you’re really ready to become a “bullet.” Want to look for a bounce opportunity? Wait until the price holds above 0,0160 first, then consider entering with a small position, with a cut loss at 0,0135. The target is to see if it can get back to 0,02; if it can’t, don’t stubbornly force it.
Advice for those who are still on the sidelines: you should probably wait until this big red candle is fully absorbed.
The way it’s falling is like your friend who suddenly left the group in the middle of the night—maybe not truly “dead,” but the vibe in the group is definitely off. If you don’t understand yet, ask in the comments.