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Overshooting after compression is just every chart ever though.
Duration matters yeah, but WBT specifically tends to snap back faster than you'd expect given how tied it is to the exchange activity.
Lol "WhiteBIT" and yet my portfolio is looking pretty red rn 🙃
That's a you problem, not a coin problem.
Ok fair but the coin could also just be cooked not mutually exclusive
Exchange tokens tend to hold up longer than most because the platform has a real reason to support them, so "cooked" feels like the wrong read here.
WBT's been hugging that exchange support floor for months, the dip keeps finding buyers right around the same spot. Whoever's sitting on that bid wall is not done yet.
Who's actually running the exchange backing this, and have they ever let an outside firm look at their books?
feels like it keeps doing this thing where it bleeds a little more every time i think it's done bleeding. my gut says lower but that's also what i said last time right before i aped in and got carried out 😂
my portfolio said "whitebit" and now i'm feeling it 💀
Anyone else get tagged on that wick or did i time my long perfectly as usual