$$ESP Bro who chased higher last night just woke up and found the wallet down 29%. A price of 0.0778 vs the peak of 0.1097 has directly cut off three-tenths—meaning the coins you bought for $100 yesterday are now only worth $71 and still dropping. In the past 24 hours, spot trading volume hit $96 million, all driven by panic sell orders smashing the market. This level is either a “golden pit” or a “meat grinder.”

Translation into plain speech: the odds of an oversold rebound versus continued heavy selling are 50/50. If your position is light, you can try a “test entry” around 0.0734 to bet on a bounce, and set your stop-loss to place it below 0.07. If you’re heavily loaded, don’t stubbornly hold through it—reduce exposure when it bounces to 0.085. If you really want to gamble, only use money you can afford to lose—don’t add leverage.
Don’t ask me whether I can call the bottom—I don’t have a crystal ball. Decide for yourself: when the market maker crushes it this hard, are they trying to shake out positions or genuinely distributing? If you don’t know, ask in the comments.