As we can see the probability of it holding is high but given the fundamental news about Axie Infinity, and Smooth Love Potion has an unlimited supply and there is more minting that is happening the price can touch the $0.0614 level. This is one of the worst case scenario.
Hoping that it will bounce and not stay there will be an indicator that Axie is recovering from it's economic collapse.
@BillMeyer, Yeah, major problem... same like with this other game called CryptoBlades. Minimal supply capped at 1M. It's like the opposite.
BillMeyer
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@amosjvd, Jip. I bought at 0.1335, watched the fake-out upward and watched it coming down, scraping the support and decided to rather get out when I posted at around 0.1330 because I cannot see any logical reason why it would ever go up if the freshly minted keep selling as fast as they are minted. I think it was best decision to just cut (luckily small) losses and run.
amosjohndomingo
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@BillMeyer, Yeah, for us to be profitable we have to really cutloss, move on, reflect, and learn. Nice Bill!
SatoshiXXX
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@BillMeyer, yeah same with etheruerum and dogecoin.
AdrianKMM
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I agree with you, and I think that will probably touch $ 0.06. But I hope don't.