Tank
a.k.a. Tanked, Tanking
Slang for a price falling sharply and fast.
In plain English
Slang for a price falling sharply and fast.
When a price tanks, it drops hard and quickly. "The Aussie tanked after the jobs data" means it fell sharply, not drifted. It is the verbal equivalent of a big red candle.
It is used for anything: currencies, stocks, crypto, even a trader's mood. The opposite in slang terms is something that "rips" or "moons".
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