$BTW Last night, that big bearish candle plunged down. A buddy in my group chased $100k at 0.086, and now his face is green.

It dropped 21% in 24 hours, directly from 0.0869 to 0.0596. Yet the trading volume is still over 100k. This shows it's not that no one is buying, but the selling pressure is like a waterfall.
Simply put, here's an analogy: $BTW is now like a trendy bubble tea shop that just opened with long lines (high prices). Then scalpers suddenly dump their coupons in bulk, causing prices to plummet. But there are still people lining up to buy bubble tea at the shop — it's just that no one is willing to pay 80 yuan for a cup anymore.
From a technical perspective, the 0.06 level is critical — if it can't hold, the next support is around 0.05; if it can bounce and hold above 0.065, it shows that short-term bearish momentum is weakening. But with such a big 24-hour drop, bottom-fishing is like catching a falling knife. Don't be like the friend I mentioned above.
Trading advice: If you're a short-term trader betting on a bounce, it's best to wait for the price to return above 0.063 before considering a small position. Set a stop loss at 0.058, and initial target at 0.072. If you're looking to pick up bargains long-term, it's recommended to wait until the volume shrinks below 20 million and the price consolidates around 0.06 for two days. Don't allocate more than 5% of your total funds. The volatility is too high at this level — a 20% swing overnight is normal.
Remember, don't reach out to catch a falling waterfall; wait until the water calms down to pick up shells. I'm Old K, only telling the truth, no fluff. If you get it, hit like. Tell me your position size in the comments.