ASD propably very oversold soonHello, i usually dont touch shitcoins but ASD catched my attention as it looks insanely oversold even if it is on its way "to 0"
ASD is a exchange coin for Ascendex exchange, its a pretty random pick i came up with as it was worst performing Coin in FTX in recent weeks.
It looks to me that ASD is having a "capitulation" soonish and im eyeing to buy some at 0.02 - 0.02544 with expectations for fast 2-4x return in the coming correction.
This is more like a gamble as ASD is propably heading to 0 longterm, but a potentialy profitable gamble in a time horizon of few Days.
Its a high risk / high return setup, so you shouldnt put much money in it. Its one of a few gambles im willing to take as chances looking good in my view for a big correction soon.
0.02 - 0.025 was the 2020 corona crash range for ADS and we should propably see a correction there.
This is ment for a fast Swingtrade and no longterm pick.
DYOR, and only invest what you can afford to loose in crypto.
