I don't trade cryptocurrencies at the moment, just following BTC and ETH to keep up with the market. Now this one seems to have thrown an early opportunity to bears. But one has to keep in mind that this is a very thin market, which may be easily controlled by "insiders," not to mention the absence of regulation. So a conservative speculator would actually just see the opportunity run away, because the general tendency of the market seems to be bullish. That conservative trader would like to see the end of the downward move to go long.