if the support holds it is a good opportunity to make some serious money (3-6months) , but are you ready to lose everything?
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100k new Coins added into circulation supply, which means higher sell pressure. I sold most of my coins at 3.5$ . Don't think the price will hold the high sell pressure. In 2monthy there will be next 100k new coins added to circulation.
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But very interesting to see, how the price reacted to the 2 support lines, it's crazy.
At 3.63 is a resistance line, that's why I sold there.
I'm giving it till October 18th once control over it's treasury is handed over. If whales don't drive the price back up trying to hold governance by this point, then it may mean the end of this coin unfortunately..
ajibolaalowolodu
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@brandonq1995, I am currently loosing on this same coin could there be a hope for one to put in more leverage to buy time??
Averageciz
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@ajibolaalowolodu, same boat here I enter a futures contract an is draining me but can go to 0? i hope nottt
Cryptovolver
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@Averageciz, you guys need stop that margin trading, longterm you can only lose. Like in a casino the bank always wins. Stop gamble and invest smart.
ajibolaalowolodu
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@brandonq1995, uniusdt is draining me please can anyone talk to me
Cryptovolver
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@ajibolaalowolodu, there is no need to panic. When you did hold during its high +5$ you have no option to sell now.
Or you margin traded it ? Then you are lost, tading a new Coin margin is nothing else then gambling.
xident
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@Cryptovolver, "you have no option to sell now". Did you want to say "you have no option BUT to sell now" or did you mean that considering the huge retracement one should hodl on and wait for the bottom which will probably be formed soon?
Cryptovolver
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@xident, I mean there Is no option for panic selling if you want to be successful in this market.
There are no changes between $ 5 + and now, except for the price. So if you hodl during the highs why sell now, just because of some panic? Only noobs would do that.
xident
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@Cryptovolver, Thanks for your response, appreciated. Not quite sure whether the bottom is already reached and buy opportunity is given.