Its been a rough ride lately but the last couple days(charts) have looked promising. there was new up an update as they have started coding again to make the coin more then just the best meme in crypto. And im sure Elon has something clever to say soon or some other celeb trying to cash in before Elon's rockets take it to the moon!!!!! Id buy in now at least at lil if I wasnt already balls deep ha haaaaaaa Good luck and happy hunting
Do you think smart money has had enough time to accumulate yet?
If not, then we should see a dip back down into accumulation zone, more stop hunts.
zeinol1371
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@pokp, No, I believe smart money inflow can happen in higher price (about 0.06) or according to your comment happen after a dip back.
then 3rd Scenario will be happen.
Thank for your informative comment :)
pokp
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@zeinol1371, Why would SM want to accumulate at 0.06? a higher price than current prices? If that is the strategy, shouldn't they be buying everything under 6 cents?
Also what would the target be if they accumulate at 6 cents? 12 cents? I think they would want at LEAST a 3x-5x, which would put the Sell target in the 18-30 cent range. While possible, that would put the market cap around 15-30B, around the same market cap as xrp and tether.
While that level is absolutely possible, and there is some level of traction to support the increased market cap, I feel its not a good strategy to accumulate at 6 cents, to sell at 20-30 cents. It's going to cost so much money to push up to those price levels, with retail taking profit around 10-15 cents.
Cheaper idea is to crush the price down to 1-2 cents, and buy the blood to take profit at 7-8 cents to get those 3-5x gains.
dtmrm8
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If you pull back it looks like its forming a buildup to parabolic gains like its last two pumps. Also if you follow the trend it shows that we are at the "hodl" line which does not seem likely to break. I would say between 1 and 2 but closer to 2. We want to see some pull back to show support of the hodl line and prevent another pump and dump. Good luck in trading!
zeinol1371
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@dtmrm8, Thank you,
Of course, the scenarios arrange by probability,1st and 2nd scenario are very possible and 3rd scenario have a little chance.