A young asset with an interesting, but not a new idea. Should carefully follow the developers' news.
Most of the coins were bought in the 0.00000009-0.00000012 zone, and any sale during this period was similar to manipulation.
DOM in this zone were full of all kinds of signals to the price drop, at the same time, large purchase orders were passed.
During the last week, a new purchase zone of 0.00000018-0.00000021 began to form, the bulk of it was at 0.00000019-0.00000020. This zone is likely to become a resistance level. We closely monitor the activity in it.
Prospects for investing in this asset are quite bright. We can see 10x growth on the hype. Then everything will depend on the developers and support of the project.
Investors in this asset must understand the risks:
- the bottom of the coin is located at 0.00000009-0.00000012 levels, and there is a possibility to merge part of the balance until we are at our prices
- the asset is very susceptible to manipulation, which is noticeable in the DOM
- even close stops give a significant drawdown on the account at such a low price
- a coin with a low liquidity, so the probability of failure to execute an order at a market price is high.
Expectations:
The opportunity to buy up to 0.00000016 has not disappeared yet, but it melts with every deal.
Most likely, the bottom will be at the level of 0.00000018 and there will not be long there.
The corridor will change to 0.00000023-0.00000027 in the next couple of days probably.
Should follow the news - the project has a large offline activity, which can push the price up.
Most of the coins were bought in the 0.00000009-0.00000012 zone, and any sale during this period was similar to manipulation.
DOM in this zone were full of all kinds of signals to the price drop, at the same time, large purchase orders were passed.
During the last week, a new purchase zone of 0.00000018-0.00000021 began to form, the bulk of it was at 0.00000019-0.00000020. This zone is likely to become a resistance level. We closely monitor the activity in it.
Prospects for investing in this asset are quite bright. We can see 10x growth on the hype. Then everything will depend on the developers and support of the project.
Investors in this asset must understand the risks:
- the bottom of the coin is located at 0.00000009-0.00000012 levels, and there is a possibility to merge part of the balance until we are at our prices
- the asset is very susceptible to manipulation, which is noticeable in the DOM
- even close stops give a significant drawdown on the account at such a low price
- a coin with a low liquidity, so the probability of failure to execute an order at a market price is high.
Expectations:
The opportunity to buy up to 0.00000016 has not disappeared yet, but it melts with every deal.
Most likely, the bottom will be at the level of 0.00000018 and there will not be long there.
The corridor will change to 0.00000023-0.00000027 in the next couple of days probably.
Should follow the news - the project has a large offline activity, which can push the price up.