“Down 1.93%, no big deal.”

I’ve heard that three times today. I’ll start with that candle.
11-04 20:00, 12146 contracts, price slammed from 296.84 to 278.59.
“Just a wick.”
Wicks don’t keep printing ten in a row.
From 293.62 at 05:00, not a single candle touched 292 again for nine hours.
The highs kept falling, down 0.81 per hour—not fast, but it never stopped.
“Surely it’ll bounce eventually.”
It bounced to 296.75 and then failed—that was at 23:00 last night.
Here’s the catch: above 290, the orders are from people who didn’t get out. Anyone who buys in gets stuck holding the bag.
$SNOW Now at 286.22, with the MA20 at 288.50.
Price is 2.28 below the moving average. The gate doesn’t open until 22:30.
Until it opens, the token can only spin its wheels for these eight and a half hours.
(Not investment advice; trade at your own risk)