Another one came asking if SKYAI is good for bottom fishing. It dropped from 0.2722 to 0.21408, a 20% drop in 24 hours, with a trading volume of 245 million coins—all panic sell-off chips.
On the surface, it looks like some project delay caused the sell-off, but the deeper issue is that this coin has terrible liquidity; when the whales dump, retail investors can't catch a break. The price is now hovering around the daily low, and the long/short ratio has tipped to 1:0.7, with shorts still piling on.
Don't let phrases like "a deep dip is an opportunity" mess with your head. Until we see big money signaling a buyback, this level might just be halfway down the mountain. Wait for a significant volume surge and a steady hold above 0.22 before considering if it's a golden pit.
#恐慌抛售 #SKYAI
On the surface, it looks like some project delay caused the sell-off, but the deeper issue is that this coin has terrible liquidity; when the whales dump, retail investors can't catch a break. The price is now hovering around the daily low, and the long/short ratio has tipped to 1:0.7, with shorts still piling on.
Don't let phrases like "a deep dip is an opportunity" mess with your head. Until we see big money signaling a buyback, this level might just be halfway down the mountain. Wait for a significant volume surge and a steady hold above 0.22 before considering if it's a golden pit.
#恐慌抛售 #SKYAI