$SKUU Current price: 11.47, down 27.91% in 24 hours, plunging all the way from 16.21 to 11.30—this isn't a pullback; it's a panic-driven sell-off. Trading volume of 22.3M shows liquidity is still there, but the bulls have already been crushed. At this level, there's only one thing to do: wait for panic selling to clear. Don't catch a falling knife.

Two scenarios to consider. First, 11.30 may be today's low and the sentiment bottom. If price can hold sideways for the next two hours on declining volume without setting a new low, selling pressure may be drying up, and you can try a small long position. Enter in the 11.30–11.50 range, with a stop-loss strictly below 11.00. A break below that would signal another leg down—cut the position without hesitation. First take-profit target: 12.40; second target: 13.10. Keep the position below 5% of your total capital. A coin that has fallen this much may rebound, but that isn't a trend—it's a desperate bid to survive. Second, if 11.30 breaks on heavy volume, the next support is 10.50–10.80. Wait for signs of stabilization there; don't buy in early.
As for coin selection, an asset like $SKUU, down nearly 28% in a single day, is only suitable for short-term speculation on an oversold bounce, not for a large position. My rule: when a coin is down more than 25%, don't enter on the first test of the low. Wait for a second test that holds above the previous low before considering a trade. I'd rather miss some gains than buy halfway down. My stop-loss discipline is non-negotiable: set a stop-loss as soon as you enter, exit unconditionally if losses exceed 2% of your principal, and never average down or hold and hope.
There are no financial headlines driving this drop; it's purely capital flight, so don't go looking for reasons. Keep a close eye on 11.30. If it breaks, remove it from your watchlist; if it holds, there's still a chance. I never buy the dip on the first day of a crash. I only act after a confirmed bottom on the second day. This rule has saved me many times.
The countdown has begun: with a few hours left until today's close, whether 11.30 breaks will determine whether tomorrow brings a profitable rebound or another round of getting buried. Are you sitting in cash waiting for a signal, or have you already given in and entered? Comment “wait” or “go”—let's see how many people can keep their hands off the trigger. Follow me; I'll be watching the charts until the close in this extreme market, and I'll post the next key level as soon as it appears. #每周来晒