0.380 looks amazing for a bounce. Unclear what the target for the bounce would be in this moment.
Expecting this to keep bleeding untill bottom green hits. Unless something happens in the future where they change the weekly and monthly trend, that is the path i currently see.
Nah. IF we break below 80 cents, then MAYBE a 50 cent bottom in the next couple months. We'll be back by fall... more and more institutional investors pouring in and NFTs are about to explode
A7654
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@Cryptograhm, Want to make a bet? Institional investor would ever touch this thing and they never will. The thing you are talking about is complete hopium. This thing will go to 0
Cryptograhm
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@Granter, Right... you clearly have done lots of research. MSNBC Article from Feb. 7, 2022 "Sequoia makes a big bet on Web3, leading $450 million investment in Polygon blockchain" must be fake. Facebook/Meta and Mark Cuban must think its going to zero too.
A7654
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@Cryptograhm, I have done no research at all. I have looked at the graph which tells me this thing is dead, It's the only thing i need to do. Looking at fundementals is pointless. You should not buy into worthless news like that, it will just make you lose money. They are there to fuel the distribution. You end up being the sheep they sell this worthless crap to.
Im not trying to be rude, i'm just stating a fact here. This thing is going to go down and i can see that out of technical reasons. it already broke your 0.80 cents and it will go to down futher in the future.
It's literally crashing as im writing this comment, already at 0.57 cents and it will keep going down untill my green lines hit.
Cryptograhm
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@Granter, I said 50 cent bottom if it breaks 80 cents. 50 cents was resistance all of March and April 2021, and then served as support during the July 2021 dip. Why do you discount that? Anyway, I hope it does go down to 30 cents, I'll stack even more. I'm on a 2-3 year timeline with this investment so doesn't bother me at all. You do you and I'll do me.
A7654
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@Cryptograhm, I don't disgard that support. But you have to understand how things move. You can't just pick the closest support and say like "yes, this is the ultimate bottom" The fact is that price will always go back to the start of the leg, the start of the leg for matic is down at 0.01. This thing has lost quarterly support. If we get a pump from this area back up to 1-2dollar range. It's going to reject again and come back down. Don't be an idiot that holds your hard earned cash into minus 98% saying "yea i do this for the longrun" Because thats not what you will be feeling once price goes that low.
This thing is like tullip market in netherlands in the 1600's
Nickquick7
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@Cryptograhm institutions can pull out of an investment as fast as they go in. Don’t be a blind buyer. They dump dogs and move on quicker than your msnbc article tells u. Get with it
Cryptograhm
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@Nickquick7, We will see how well your post ages in two years.
Nickquick7
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@Cryptograhm yea I’m sure it doesn’t bother u u just pissed away most of your investment gains
Cryptograhm
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@Nickquick7, nah, took profit on the way up. Buying more now.