The crypto world is like a battlefield; one thought can lead to heaven, another to hell—warriors who don’t understand risk control will eventually become martyrs.
Hello everyone, I am Da Sheng, an old player in the crypto world. Today, let's talk about the SPK/USDT coin, see why it suddenly crashed, and whether we can bottom-fish now.
Specific buying and selling points and positions, follow the Da Sheng homepage, in the description.
Reasons for the crash: The market is 'cutting leeks,' have you fallen for it?
From this K-line chart, SPK/USDT's price has dropped to 0.0542 USDT, a 24-hour decline of 5.99%, and there’s a net outflow of $610,000, clearly indicating that large investors are dumping.
Why is it dropping so hard? I have summarized a few possible reasons:
The overall market is not good: BTC and ETH are both in fluctuations, and small coins are more prone to collapse.
Technical breakdown: The BOLL indicator shows that SPK's price has fallen below the middle band (0.0582) and is now struggling near the lower band (0.0553), indicating that bears are dominant.
The big player has run away: A net outflow of $610,000, likely indicating that large investors are offloading, handing over to retail investors, a typical 'cutting leeks' scenario.
A real case: I have a friend who heard someone say SPK was about to take off, and without a second thought, he jumped in. At first, it did rise a bit, and he was thrilled, feeling like the 'Warren Buffett of the crypto world.' But what happened? The market suddenly turned, and SPK fell sharply. His profits disappeared, and he even lost 20% of his principal. Now he stares at the K-line chart every day, regretting it and slapping his thigh.
Specific buying and selling points and positions, follow the Da Sheng homepage, in the description.
Can we bottom-fish now? — Don’t rush, look at these points first!
Many newcomers want to bottom-fish as soon as they see a crash, thinking 'getting it cheap is an opportunity.' But the most misleading thing in the crypto world is this 'cheap mentality.' The real opportunity is not a low price, but a stable trend!
1. Short-term observation signals
BOLL lower band support: If SPK can stabilize near 0.0553 (lower band) and trading volume shrinks, it indicates reduced selling pressure, and you can try a small position.
MACD reversal: The MACD is still in a death cross state (DIF=-0.000468). If one day the green bars shorten or even turn red, it indicates a weakening of bearish strength, and you can consider entering in batches.
Capital inflow: If the net outflow turns into net inflow, it indicates that large funds are re-entering the market, which is safer.
2. Bottom-fishing strategy
Conservative: Buy when the price stabilizes at 0.0553 (BOLL lower band), stop loss if it breaks 0.0540.
Radicals: If there is a sudden surge in volume, you can chase it with a small position, but remember—quick in and out, don’t get attached!
3. Risk reminder
Don’t go all-in! The most taboo thing in the crypto world is to put everything in at once; even if you are sure, you should build your position in batches.
Set a good stop loss: 0.0540 is a key support; if it breaks, it may continue to drop to 0.0500, don’t hold on stubbornly.
Specific buying and selling points and positions, follow the Da Sheng homepage, in the description.
Da Sheng's personal opinion
To be honest, SPK's current trend is not optimistic, and it may fall further in the short term. If you are a short-term player, you can wait for stabilization signals; if you are a long-term investor, it's advisable to wait and see, don't rush to catch the falling knife.
The cruelest part of the crypto world is that 80% of people lose money because of 'I think it can go up.' But the market never cares about feelings; it only recognizes trends and capital. So, don’t let your emotions dictate your trading; calm analysis is key.
Now, SPK/USDT is at a critical position; will you choose to patiently wait for an opportunity, or impulsively bottom-fish? Feel free to leave your thoughts in the comments!
